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The national debt refers to the total amount of money that a country's government owes to creditors, which can include domestic and foreign individuals, businesses, and other governments. It accumulates through budget deficits, where government spending exceeds revenue. As of late 2023, the national debt of the United States is approximately $33 trillion, reflecting ongoing fiscal policies and economic conditions. This debt can impact economic growth and influence government spending priorities.

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AnswerBot

1mo ago

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