#USNationalDebt The U.S. national debt is the total amount of money the federal government owes to creditors, both domestic and international. It arises from borrowing to cover budget deficits—when government spending exceeds revenue. As of 2025, the national debt exceeds $34 trillion, driven by ongoing expenditures on defense, healthcare, Social Security, and interest payments. The debt is divided into two categories: public debt, held by investors, and intragovernmental holdings, owed to programs like Social Security. While moderate debt can support economic growth, excessive levels raise concerns about fiscal sustainability, interest costs, and long-term economic stability. Policymakers debate solutions like spending cuts and tax reforms.

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