The US national debt is approximately $36.56 trillion, with $29 trillion held by the public and $7.4 trillion in intragovernmental debt. This debt has been increasing over the years due to factors such as:

- *Aging Demographics*: The retiring baby-boom generation puts pressure on the federal budget, particularly on programs like Social Security and Medicare.

- *Rising Healthcare Costs*: Healthcare expenses account for a significant portion of the budget and are expected to continue growing.

- *Higher Interest Rates*: Increased borrowing costs due to higher interest rates contribute to the growing national debt.

The Congressional Budget Office (CBO) projects that federal debt held by the public will rise from 99% of GDP in 2024 to 116% in 2034. Some potential implications of this growing debt include:

- *Increased Interest Payments*: The government will spend more on servicing its debt, which could divert funds from other important programs.

- *Reduced Economic Stability*: High levels of debt can impact the country's economic stability and credit rating.

To stay updated on the national debt, you can visit the US Treasury's website, which provides daily updates on the debt.¹