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Understanding the National Debt | U.S. Treasury Fiscal Data
The national debt is the amount of money the federal government has borrowed to cover the outstanding balance of expenses incurred over time. In a given fiscal year (FY), when spending (ex. money for roadways) exceeds revenue (ex. money from federal income tax), a budget deficit results.
National Debt: Definition, Impact, and Key Drivers - Investopedia
What Is National Debt? The term "national debt" refers to the outstanding financial obligation of a country. The national debt is what the federal government owes its creditors. It's...
National debt of the United States - Wikipedia
Total US federal government debt breached $30 trillion mark for the first time in history in February 2022. [6] As of December 2023, total federal debt was $33.1 trillion; $26.5 trillion held by the public and $12.1 trillion in intragovernmental debt. [7]
US National Debt Tops $31 Trillion for First Time - The New York Times
WASHINGTON — America’s gross national debt exceeded $31 trillion for the first time on Tuesday, a grim financial milestone that arrived just as the nation’s long-term fiscal picture has...
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