#USNationalDebt The **U.S. national debt** represents the total money the federal government owes, accumulated from years of spending more than it collects in taxes (budget deficits). Currently, it stands at over **$37 trillion**, a figure that continues to grow. This debt is largely financed by selling U.S. Treasury securities to domestic and foreign investors.

While it allows the government to fund programs and investments, a rising national debt can have significant consequences. These include increased interest payments, potentially crowding out other crucial spending, and a risk of slower long-term economic growth due to reduced private investment. It can also lead to higher taxes and inflationary pressures in the future.