#USNationalDebt

The U.S. national debt represents the total accumulated borrowing by the federal government to finance its operations and fulfill its obligations. As of June 2025, it stands at over $36 trillion. This debt comprises both "debt held by the public" (e.g., U.S. Treasury securities bought by individuals, corporations, and foreign governments) and "intragovernmental holdings" (money owed to government trust funds like Social Security).