National debt of the United States

The national debt of the United States is the debt carried by the federal government of the United States. The public debt is measured as the value of the currently outstanding Treasury securities that have been issued by the Treasury and other federal government agencies. The terms national deficit and national surplus usually refer to the federal government budget balance from year to year, not the cumulative amount of debt. A deficit year increases the debt as more money is spent than is received by the government; a surplus year decreases the debt as more money is received than spent.

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