#USNationalDebt In 2025, the national debt of the USA reached about $36.5 trillion, exceeding 100% of GDP. Federal governments are maintaining annual deficits close to 6% of GDP, with bond issuances totaling $815 billion in the first quarter — a 12% increase compared to the previous year. Economists like Dalio, Rogoff, and Ferguson warn of the risk of an "economic heart attack" if interest payments, now around $579 billion, exceed defense spending. The lack of international confidence is also growing: expanded fiscal conditions, political pressure, and tax cuts drive instability in Treasury securities.