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U.S. National Debt
Total public debt was $40,444,342,709,389 on 10/22/2026, up $2.45T in a year.
- Total debt
- $40.44T
- 10/22/2026
- Debt per person
- $118,915
- 340.1M residents
- Average daily increase
- $6.72B
- Over the past year
- Average interest rate
- 3.53%
- All interest-bearing debt, Sep 2026
National debt since 2000
Total public debt outstanding at the end of each month, in trillions of dollars
Show as a table
| Period | Total debt |
|---|---|
| Oct 2026 | $40.44T |
| Dec 2025 | $38.51T |
| Dec 2024 | $36.22T |
| Dec 2023 | $34.00T |
| Dec 2022 | $31.42T |
| Dec 2021 | $29.62T |
| Dec 2020 | $27.75T |
| Dec 2019 | $23.20T |
| Dec 2018 | $21.97T |
| Dec 2017 | $20.49T |
| Dec 2016 | $19.98T |
| Dec 2015 | $18.92T |
| Dec 2014 | $18.14T |
| Dec 2013 | $17.35T |
| Dec 2012 | $16.43T |
The public holds $32.6T (81%) of the debt, including individuals, companies, foreign governments and the Federal Reserve. Government trust funds such as Social Security hold the other $7.85T.
Source: U.S. Treasury, Debt to the Penny · Last updated 10/22/2026
Average interest rates on Treasury debt
Average rate the government pays on outstanding securities, Sep 2026
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| Security | Rate | 1-year change |
|---|---|---|
| Treasury Bills | 3.870% | -0.3 pts |
| Treasury Notes | 3.383% | +0.3 pts |
| Treasury Bonds | 3.466% | +0.1 pts |
| Treasury Inflation-Protected Securities (TIPS) | 1.149% | +0.2 pts |
| Treasury Floating Rate Notes (FRN) | 4.141% | +0.1 pts |
| Total Marketable | 3.518% | +0.1 pts |
| Total Interest-bearing Debt | 3.531% | +0.2 pts |
Monthly federal receipts and outlays
Monthly Treasury Statement. A positive deficit means the government spent more than it took in.
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| Month | Receipts | Outlays | Deficit |
|---|---|---|---|
| Sep 2026 | $558B | $585B | $26.9B |
| Aug 2026 | $360B | $527B | $167B |
| Jul 2026 | $334B | $766B | $432B |
| Jun 2026 | $496B | $616B | $120B |
| May 2026 | $336B | $628B | $293B |
| Apr 2026 | $837B | $622B | Surplus $215B |
| Mar 2026 | $385B | $549B | $164B |
| Feb 2026 | $313B | $621B | $308B |
| Jan 2026 | $560B | $655B | $94.62B |
| Dec 2025 | $484B | $629B | $145B |
| Nov 2025 | $336B | $509B | $173B |
| Oct 2025 | $404B | $689B | $284B |
Deficit by fiscal year
Fiscal years run October through September
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| Fiscal year | Receipts | Outlays | Deficit |
|---|---|---|---|
| FY 2026 | $5.4T | $7.4T | $1.99T |
| FY 2025 | $5.23T | $7.01T | $1.78T |
| FY 2024 | $4.92T | $6.73T | $1.82T |
| FY 2023 | $4.44T | $6.13T | $1.7T |
| FY 2022 | $4.9T | $6.27T | $1.38T |
| FY 2021 | $4.05T | $6.82T | $2.78T |
| FY 2020 | $3.42T | $6.55T | $3.13T |
| FY 2019 | $3.46T | $4.45T | $984B |
| FY 2018 | $3.33T | $4.11T | $779B |
| FY 2017 | $3.31T | $3.98T | $666B |
Treasury exchange rates
Foreign currency units per U.S. dollar used by federal agencies, 09/30/2026
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| Currency | Per $1 | 1-year change |
|---|---|---|
| Euro | 0.881 | +3.4% |
| Canadian dollar | 1.418 | +1.9% |
| Mexican peso | 18.13 | -1.1% |
| British pound | 0.752 | +1.1% |
| Japanese yen | 157 | +6.1% |
| Chinese yuan (renminbi) | 6.705 | -5.8% |
| Indian rupee | 95.83 | +7.9% |
| South Korean won | 1,355 | -3.5% |
| Philippine peso | 62.66 | +7.6% |
| Vietnamese dong | 25,959 | -1.8% |
| Swiss franc | 0.835 | +4.6% |
| Australian dollar | 1.435 | -5.2% |
| Brazilian real | 5.205 | -2.2% |
| Israeli shekel | 3.074 | -6.9% |
A rising number means the dollar buys more of that currency. These rates are set each quarter for government accounting, not for trading.
Frequently asked questions
- How much is the U.S. national debt?
- Total public debt outstanding was $40,444,342,709,389 on 10/22/2026, according to the Treasury's Debt to the Penny data. That is about $118,915 for every U.S. resident.
- How fast is the debt growing?
- Over the past year, the debt grew by about $6.72B a day on average, or $2.45T in total.
- What is the difference between debt held by the public and intragovernmental debt?
- Debt held by the public is owed to outside investors, including individuals, banks, pension funds, foreign governments and the Federal Reserve. Intragovernmental holdings are Treasury securities owned by federal trust funds, such as Social Security and Medicare, and are owed from one part of the government to another.
- What interest rate does the government pay on its debt?
- The average rate on all interest-bearing federal debt was 3.53% in Sep 2026. Short-term Treasury bills currently average 3.87%.