US intragovernmental debt, 1997 to 2026
US intragovernmental debt stood at $7.77T in 2026, down 0.1% on the previous period.
The latest reading is $7.7 trillion, for July 2026, against $7.78 trillion the period before. The data comes directly from the US Treasury's Fiscal Data service, the government's own ledger, and runs from September 1997.
How it is measured
The share of federal debt the government owes to its own accounts, chiefly the Social Security and federal retirement trust funds, from the Treasury's daily Debt to the Penny series. When a trust fund runs a surplus, it must by law invest it in Treasury securities; those holdings are this line.
What the curve shows
Intragovernmental holdings stand at $7.7 trillion. The line's slope follows the trust funds' fortunes: it climbed while Social Security ran surpluses and flattens as the programs draw their balances down, shifting obligations onto the public-debt line instead.
Is this real debt?
Why is it shrinking relative to the total?
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