#USNationalDebt 🇺🇸 U.S. National Debt – Quick Overview (June 2025)

Total outstanding debt: Approximately $36.2 trillion as of June 4, 2025 .

Split into debt held by the public ($7.3–$7.4 trillion) .

Debt-to-GDP ratio: Around 123 %—one of the highest in U.S. history .

Why it matters: High debt boosts interest payments (nearly $579 billion in 2025, second only to Social Security) . It also impacts long‑term growth and could squeeze future budgets.

Recent growth drivers:

Annual budget deficits—it’s projected ~$1.4 trillion through May 2025 .

Major fiscal events: tax cuts, COVID‑19 relief, military spending, and "One Big Beautiful Bill" proposals adding $2.6 trillion over 10 years on top of the existing ~$36.2 trillion base .

Alarming portion: ~$11 trillion (≈31 %) of total debt must be refinanced within a year .

Implications:

Rising interest costs may crowd out public services.

Higher debt can lead to lower credit ratings, e.g., Moody’s downgraded U.S. in May 2025 .

Pressure on Congress to address the rising deficit and debt ceiling.

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In essence, the U.S. national debt is at historically high levels—over $36 trillion, surpassing its entire GDP—with substantial refinancing needs and growing interest burdens. Policymakers face tough decisions to bring spending in line with revenues to stabilize the fiscal outlook.

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