#USNationalDebt The #USNationalDebt refers to the total amount of money the United States federal government owes to creditors, both domestic and foreign. It accumulates when the government spends more than it collects in revenue, primarily through taxes. As of 2025, the debt has surpassed $34 trillion, driven by spending on defense, social programs, and interest payments. The national debt is divided into public debt and intragovernmental holdings. Economists debate its long-term impact—some warn it threatens economic stability, while others argue it's manageable relative to GDP. Managing the debt remains a contentious political issue, shaping debates on taxes, spending, and fiscal policy.