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US federal debt, 1993 to 2026

US federal debt, from the US Treasury's Fiscal Data service. · updated Jul 2026

About this statistic

US federal debt stood at $39.59T in 2026, up 0.3% on the previous period.

The latest reading is $39.4 trillion, for July 2026, against $39.5 trillion the period before. The data comes directly from the US Treasury's Fiscal Data service, the government's own ledger, and runs from April 1993.

How it is measured

The Treasury's Debt to the Penny series: total public debt outstanding, updated every business day to the cent. It is the sum of debt held by the public, the marketable Treasuries investors trade, and intragovernmental holdings, the IOUs the government has written to its own trust funds.

What the curve shows

The total stands at $39.4 trillion, from $4.25 trillion at the window's start. The two components tell different stories: debt held by the public is what the government owes markets; the intragovernmental piece is an internal ledger between programs.

Frequently asked questions
Why does the debt rise even in good years?
Because the budget runs deficits in good years too: outlays have exceeded receipts in nearly every recent fiscal year. Growth slows the ratio to GDP, but the dollar total climbs whenever there is any deficit at all.
Who owns it?
Investors of every kind: households, pension funds, banks, foreign governments and central banks, and the Federal Reserve, plus the government's own trust funds for the intragovernmental share.
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US federal debt — Kitegraph