The US has $36 trillion in debt. What does that mean, and who owns it?
The US has the highest national debt in the world, a quarter of which is owned by other countries.
On Sunday, a key congressional committee in the United States approved President Donald Trump’s new tax cut bill, which could pass in the House of Representatives later this week.
The bill extends Trump’s 2017 tax cuts and may add up to $5 trillion to the national debt, deepening worries after a recent US credit ratings downgrade by Moody’s on Friday, which cited concerns about the nation’s growing $36 trillion debt.
The US has the highest amount of national debt in the world and is facing growing concerns about its long-term fiscal stability.
Grant Peck May 12, 2025
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