#USNationalDebt The U.S. national debt is the total amount of money the federal government owes to creditors, both domestic and international. As of 2025, it exceeds $35 trillion, driven by years of budget deficits where government spending surpasses revenue. The debt is financed through Treasury securities like bonds and bills. Major holders include the public, Social Security Trust Fund, and foreign nations like China and Japan. Rising debt raises concerns over inflation, higher interest payments, and reduced fiscal flexibility. While borrowing supports programs like defense and social services, unchecked debt growth risks economic instability, future tax hikes, and challenges for future generations.