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Spending Analyses:
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United States Debt Clock
Headline federal, state, local, and total US government debt.
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US Agency Debt is debt issued by federal agencies but not included in Gross Federal Debt.
Federal Debt Clock
Today the Federal Debt is about $37,889,756,572,760.44.
The amount is the gross outstanding debt issued by the United States Department of the Treasury since 1790 and reported here.
But, it doesn’t include state and local debt.
And, it doesn’t include so-called “agency debt.”
And, it doesn’t include the so-called unfunded liabilities of entitlement programs like Social Security and Medicare.
Federal Debt per person is about $116,119.
Total US Government Debt in 2026
Chart C.01t: Recent US Government Debt
At the end of FY 2026 the total government debt in the United States, including federal, state, and local, is expected to be $42.8 trillion.
Get more information about Total Debt here.
Total Federal Government Debt in 2026
Chart C.01f: Recent US Federal Debt
At the end of FY 2026 the gross US federal government debt is estimated to be $39.04 trillion, according to the FY26 Federal Budget. Of this gross amount, debt “Held by the Public: Other” is estimated by usgovernmentspending.com at $27.28 trillion, debt “Held by the Public: Federal Reserve System” (i.e. monetized debt) is estimated by usgovernmentspending.com at $4.36 trillion and debt “Held by Federal Government Accounts” is estimated at $7.40 trillion.
Here is the gross federal debt by year for the last decade:
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Click for federal debt from 1960 to present.
Get more information about Federal Debt here.
Total Federal Agency Debt in 2026
Chart C.01a: Recent Federal Agency Debt
At the end of FY 2026 the federal agency debt in the United States is “guesstimated” to be $12.89 trillion.
Agency debt is debt issued by federal agencies and government-sponsored enterprises, and is not included in the total gross debt of the federal government.
Get more information about Agency Debt here.
Total State Government Debt in 2026
Chart C.01s: Recent State Government Debt
At the end of FY 2026 the state government debt in the United States is expected to be $1.19 trillion.
Get more information about State Government Debt here.
Total Local Government Debt in 2026
Chart C.01l: Recent Local Government Debt
At the end of FY 2026 the local government debt in the United States is expected to be $2.57 trillion.
Get more information about Local Government Debt here.
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US BUDGET overview and pie chart.
Find NATIONAL DEBT today.
See FEDERAL BUDGET breakdown and estimated vs. actual.
Check STATE debt: CA NY TX FL and compare.
See DEBT ANALYSIS briefing.
See DEBT HISTORY briefing.
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Debt Data Sources
Debt data is from official government sources.
- Federal debt data since 1962 comes from the president’s budget.
- Federal debt for 1940-1961 comes from the president’s budget.
- Federal debt for 1914-1939 comes from the
US Treasury
and St. Louis Fed.
- Federal debt before 1914 comes from the
US Treasury
- All other debt data comes from the US Census Bureau.
Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.
Detailed table of debt data sources here.
Federal debt data begins in 1792.
State and local debt data begins in 1820.
State and local debt data for individual states begins in 1957.
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Gross Federal Debt
| Debt Now: | $37,889,756,572,760.44 | Debt 2/2020: | $23,409,959,150,243.63 |
Data Sources for 2026:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years
> data sources for other years
> data update schedule.
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CBO Long Term Budget Outlook for 2025
On March 27, 2025 the Congressional Budget Office released its annual Long Term Budget Outlook for 2025, which projects federal spending and revenue out to 2055. As before, the data for the CBO study shows that federal health-care programs and interest costs will eat the budget, with federal spending exceeding 25 percent GDP by the 2040s while federal revenue stays a little over 19 percent GDP.
UsGovernmentspending.com has updated its chart of the CBO Long Term Budget Outlook here. You can download the data and also view CBO Long Term Budget Outlooks going back to 1999.
Blog
CBO Long Term Budget Outlook for 2025
On March 27, 2025 the Congressional Budget Office released its annual Long Term Budget Outlook for 2025, which projects federal spending and revenue out to 2055. As before, the data for the CBO study shows that federal health-care programs and interest costs will eat the budget, with federal spending exceeding 25 percent GDP by the 2040s while federal revenue stays a little over 19 percent GDP.
UsGovernmentspending.com has updated its chart of the CBO Long Term Budget Outlook here. You can download the data and also view CBO Long Term Budget Outlooks going back to 1999.
On November 22, 2025 usgovernmentspending.com updated FY2025 state revenue with quarterly tax data released by the US Ce ...
The US Bureau of Economic Analysis (BEA) released its Gross State Product (GSP) data for 2024 on March 29, 2025.Usgovernmen ...
> blog
