The national debt of the United States is the total amount of money that the U.S. government owes to individuals, businesses, and other countries. As of June 2023, the national debt is over $30 trillion. The majority of the debt is owed to individuals and businesses within the United States, with the remaining amount owed to foreign countries.
The national debt is an important issue because it can have a significant impact on the U.S. economy. A high national debt can lead to higher interest rates, which can make it more expensive for businesses to borrow money and invest. This can lead to slower economic growth and job losses. Additionally, a high national debt can make the U.S. more vulnerable to economic shocks, such as a recession or a financial crisis.