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The national debt consists of public debt and intragovernmental debt.

Findings

Additional insights we found via Treasury.gov

  1. Public debt consists of money owed to private investors who have purchased Treasury securities.

  2. Intragovernmental debt is money owed by one sector of the government to another.

  3. In both cases, the government promises to pay back the original value of the security plus interest to make it worth it for the lender.

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