national debt

noun

: the total amount of money that the government of a country owes to companies, countries, etc.

Examples of national debt in a Sentence

Recent Examples on the Web Interest payments on the national debt have now surpassed, individually, military, Medicare and Medicaid spending, according to the nonpartisan Committee for a Responsible Federal Budget. The Editorial Board, Orange County Register, 16 May 2024 That sum includes both the lost revenue from the extensions and the additional interest being paid on a higher national debt. Josh Boak, Fortune, 10 May 2024 And finally, with the $34 trillion national debt weighing on the federal government’s budget, Sternlicht argued that Chair Powell will want to lower interest rates to reduce interest costs. Will Daniel, Fortune, 8 May 2024 However, critics say it’s led to record-high national debt of $34 trillion, a result of all the government spending. Paolo Confino, Fortune, 7 May 2024 During the fiscal year that ended last October, the U.S. government spent $659 billion on interest to service our national debt. Neal B. Freeman, National Review, 6 May 2024 Americans see an administration unconcerned over a Congressional Budget Office warning that the national debt is rising into unprecedented territory, 116 percent of U.S. GDP by 2034. Robert H. Bork Jr., National Review, 17 Apr. 2024 For years, the 53-year-old has warned that the national debt—which recently surged over $34.5 trillion—is unsustainable. Will Daniel, Fortune, 7 Apr. 2024 The national debt has grown by over $6 trillion since Biden took office. Phillip Molnar, San Diego Union-Tribune, 15 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'national debt.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“National debt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/national%20debt. Accessed 28 May. 2024.

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