Federal Revenue (YTD)

Money collected by the government

Federal Spending (YTD)

Money spent by the government

Budget Deficit (YTD)

Spending exceeding revenue

Interest Expense (YTD)

Cost of servicing the debt (FY2026)

Last Year (FY2025): Loading...

Avg. Interest Rate

Weighted average rate on all debt

Maturing in 90 Days

Debt to be refinanced soon

National Debt Trend (Last 12 Months)

What is the National Debt? The national debt is the total amount of money that the United States federal government has borrowed to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments.

Revenue vs. Spending (Monthly)

Deficit vs. Debt A deficit occurs when the government spends more money than it brings in through taxes in a single year. The debt is the accumulation of all past deficits (minus any surpluses). Think of the deficit as the yearly "loss" and the debt as the total amount owed on the credit card.

Understanding the Numbers

1. Federal Revenue

Revenue is the money the government collects, primarily through taxes. This includes individual income taxes, corporate income taxes, and payroll taxes (like Social Security and Medicare).

2. Federal Spending

Spending is where the money goes. Major categories include Social Security, Medicare, defense, and interest on the debt. "Mandatory" spending (set by law) makes up the largest chunk.

3. The Deficit

When spending exceeds revenue in a fiscal year, we have a deficit. The government must borrow money to cover this gap, usually by selling Treasury securities (bonds).

4. The National Debt

This is the total of all unpaid borrowing. It grows every time there is a deficit. Interest must be paid on this debt, which becomes a line item in the annual spending budget.

Data Source: U.S. Treasury Fiscal Data. Data is updated daily/monthly as available.

US National Debt Tracker

Total Public Debt Outstanding