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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 $40,439,546,016,039.08.
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 $123,934.
Total US Government Debt in 2027
Chart C.01t: Recent US Government Debt
At the end of FY 2027 the total government debt in the United States, including federal, state, and local, is expected to be $44.83 trillion.
Get more information about Total Debt here.
Total Federal Government Debt in 2027
Chart C.01f: Recent US Federal Debt
At the end of FY 2027 the gross US federal government debt is estimated to be $40.79 trillion, according to the FY27 Federal Budget. Of this gross amount, debt “Held by the Public: Other” is estimated by usgovernmentspending.com at $28.89 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 $7.54 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 2027
Chart C.01a: Recent Federal Agency Debt
At the end of FY 2027 the federal agency debt in the United States is “guesstimated” to be $13.10 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 2027
Chart C.01s: Recent State Government Debt
At the end of FY 2027 the state government debt in the United States is expected to be $1.31 trillion.
Get more information about State Government Debt here.
Total Local Government Debt in 2027
Chart C.01l: Recent Local Government Debt
At the end of FY 2027 the local government debt in the United States is expected to be $2.73 trillion.
Get more information about Local Government Debt here.
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Find DEFICIT stats and history.
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: | $40,439,546,016,039.08 | Debt 2/2020: | $23,409,959,150,243.63 |
Data Sources for 2027:
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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US Budget Deficit, Receipts, Outlays for FY 2026
On October 15, 2026, the US Treasury reported in its Monthly Treasury Statement (and xlsx) for September that the federal deficit for FY 2025 ending September 30, 2026, was $1,99 billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2026 federal budget published in February 2025:
| Federal Finances FY 2026 Outcomes | |||
|---|---|---|---|
| Budget billions | Outcome billions | ||
| Receipts | $5,873 | $5,403 | |
| Outlays | $7,419 | $7,396 | |
| Deficit | $1,547 | $1,993 | |
The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2026 and Other Periods." This table of receipts by source is used for usgovernmentspending.com to post details of federal receipt actuals for FY 2025. usdgovernmentspending.com obtains the data for outlays and receipts from apis at fiscaldata.treasury.gov.
This MTS report on FY 2026 actuals is a problem for usgovernmentspending.com because this site uses Historical Table 3.2--Outlays by Function and Subfunction from the Budget of the United States as its basic source for federal subfunction outlays. But the Monthly Treasury Statement only includes "Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, September 2025 and Other Periods". Subfunction amounts don't get reported until the FY28 budget in February 2027. Until then usgovernmentspending.com estimates actual outlays by "subfunction" for FY 2026 by factoring subfunction budgeted amounts for FY26 by the ratio between relevant actual and budgeted "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.
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US Budget Deficit, Receipts, Outlays for FY 2026
On October 15, 2026, the US Treasury reported in its Monthly Treasury Statement (and xlsx) for September that the federal deficit for FY 2025 ending September 30, 2026, was $1,99 billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2026 federal budget published in February 2025:
| Federal Finances FY 2026 Outcomes | |||
|---|---|---|---|
| Budget billions | Outcome billions | ||
| Receipts | $5,873 | $5,403 | |
| Outlays | $7,419 | $7,396 | |
| Deficit | $1,547 | $1,993 | |
The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2026 and Other Periods." This table of receipts by source is used for usgovernmentspending.com to post details of federal receipt actuals for FY 2025. usdgovernmentspending.com obtains the data for outlays and receipts from apis at fiscaldata.treasury.gov.
This MTS report on FY 2026 actuals is a problem for usgovernmentspending.com because this site uses Historical Table 3.2--Outlays by Function and Subfunction from the Budget of the United States as its basic source for federal subfunction outlays. But the Monthly Treasury Statement only includes "Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, September 2025 and Other Periods". Subfunction amounts don't get reported until the FY28 budget in February 2027. Until then usgovernmentspending.com estimates actual outlays by "subfunction" for FY 2026 by factoring subfunction budgeted amounts for FY26 by the ratio between relevant actual and budgeted "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.
On August 7, 2026 we updated the state and local spending and revenue for FY 2024 using the new Census Bureau ...
On July 2, 2026 we updated the state and local spending and revenue for FY 2024 using the new Census Bureau S ...
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