US National Debt Dashboard

    U.S. total public debt outstanding, debt held by the public, intragovernmental holdings, the debt-to-GDP ratio, and deficit trends overlaid with enacted appropriations.

    Treasury
    FRED
    Congress
    Updated 2026-04-16

    About this data

    Federal debt outstanding is the running total of all Treasury securities issued and not yet redeemed — the definitive stock measure of US government obligations. The series here draws from the Treasury Fiscal Data API, broken into debt held by the public (what the government actually owes outside itself) and intragovernmental holdings (what the Social Security and Medicare trust funds have loaned back to the general fund). Debt-to-GDP pairs the stock against the economy's capacity to service it, the single most-cited indicator in sovereign fiscal analysis.

    Total Public Debt
    Treasury
    $38.99T
    As of Apr 16, 2026
    Held by Public
    Treasury
    $31.36T
    80.4% of total
    Intragovernmental
    Treasury
    $7.63T
    19.6% of total
    Debt to GDP Ratio
    FRED
    122.6%
    4 2025

    Total Public Debt Outstanding

    Dec 24Mar 25May 25Aug 25Oct 25Jan 26Apr 26$0$10.00T$20.00T$30.00T$40.00T
    • Total Debt
    • Held by Public

    Debt to GDP Ratio

    Jan 15Oct 16Jul 18Apr 20Jan 22Oct 23Oct 250%35%70%105%140%

    Deficit, Debt-to-GDP & Appropriations

    Federal surplus/deficit and debt-to-GDP ratio overlaid with receipts, outlays, and enacted appropriations

    Recent Daily Debt Figures

    DateTotal DebtHeld by PublicIntragov.
    Apr 16, 2026$38.99T$31.36T$7.63T
    Apr 15, 2026$38.99T$31.37T$7.61T
    Apr 14, 2026$38.93T$31.33T$7.61T
    Apr 13, 2026$38.95T$31.36T$7.59T
    Apr 10, 2026$38.95T$31.36T$7.58T
    Apr 9, 2026$38.94T$31.36T$7.58T
    Apr 8, 2026$38.95T$31.37T$7.58T
    Apr 7, 2026$38.97T$31.37T$7.60T
    Apr 6, 2026$38.99T$31.41T$7.58T
    Apr 3, 2026$38.98T$31.41T$7.57T
    Apr 2, 2026$39.00T$31.41T$7.59T
    Apr 1, 2026$39.02T$31.43T$7.58T
    Mar 31, 2026$39.07T$31.43T$7.63T
    Mar 30, 2026$39.02T$31.39T$7.64T
    Mar 27, 2026$39.02T$31.39T$7.63T
    Mar 26, 2026$38.99T$31.36T$7.63T
    Mar 25, 2026$38.99T$31.36T$7.63T
    Mar 24, 2026$39.00T$31.36T$7.64T
    Mar 23, 2026$39.01T$31.39T$7.62T
    Mar 20, 2026$39.00T$31.38T$7.62T
    Mar 19, 2026$39.00T$31.39T$7.62T
    Mar 18, 2026$38.98T$31.36T$7.61T
    Mar 17, 2026$39.02T$31.38T$7.64T
    Mar 16, 2026$38.99T$31.38T$7.61T
    Mar 13, 2026$38.90T$31.30T$7.60T
    Mar 12, 2026$38.90T$31.30T$7.60T
    Mar 11, 2026$38.88T$31.29T$7.60T
    Mar 10, 2026$38.92T$31.30T$7.62T
    Mar 9, 2026$38.88T$31.28T$7.60T
    Mar 6, 2026$38.87T$31.28T$7.59T

    Key Terms

    Frequently asked questions

    What is the current US national debt?

    The U.S. national debt is the total amount the federal government owes its bondholders and itself. The Treasury publishes the exact figure daily in its 'Debt to the Penny' report. Gross federal debt has exceeded $33 trillion since late 2023, a combination of debt held by the public and intragovernmental holdings.

    What's the difference between debt held by the public and intragovernmental holdings?

    Debt held by the public is the portion of federal debt owed to investors outside the U.S. government — banks, mutual funds, pension funds, foreign central banks, and the Federal Reserve. Intragovernmental holdings are Treasury securities held by federal trust funds like Social Security and Medicare. Economists focus on debt held by the public because it represents actual borrowing from the real economy.

    What is the debt-to-GDP ratio and why does it matter?

    The debt-to-GDP ratio expresses federal debt as a percentage of annual economic output. It's the standard measure of a government's debt burden relative to its economy. U.S. debt-to-GDP has crossed 100% since 2020, the highest level since World War II. There's no universal 'safe' threshold — what matters is the trajectory and the country's fiscal credibility.

    How fast is the US national debt growing?

    Federal debt grows every year that the government runs a deficit — which has happened every year since 2001. Debt crossed $10 trillion in 2008, $20 trillion in 2017, and $30 trillion in 2022. The COVID-19 response and persistent annual deficits have accelerated growth since 2020.

    Who owns the US national debt?

    Roughly 22% is held by federal trust funds (Social Security, Medicare, etc.). Of the remainder, the Federal Reserve holds about 15%, foreign investors hold about 30% (Japan and China are the largest foreign holders), and the rest is held by U.S. mutual funds, pension funds, banks, state and local governments, and individual investors.