
Topic
Who Owns the National Debt: What Is the National Debt and Who Owns It?
The national debt is the running total of what the federal government owes its lenders. It is held by the government itself, private investors, and foreign countries.

The national debt is the running total of what the federal government owes its lenders. It is held by the government itself, private investors, and foreign countries.

The rules a department writes reach farther than any law Congress passes this year.

An executive order runs the executive branch. It cannot write law, spend money, or survive a court that says it exceeds the president's authority.

The president is not chosen by the national popular vote but by 538 electors, and the rules that produce that number explain most of what confuses voters.