U.S. National Debt Reaches $40.098 Trillion, Treasury Reports - News and Statistics - IndexBox
U.S. National Debt Reaches $40.098 Trillion, Treasury Reports - News and Statistics - IndexBox
Source: IndexBox
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DW NOTE
The US national debt crossed $40 trillion for the first time—up from $28 trillion when Biden took office and $19 trillion when Trump left his first term. The fiscal year 2026 deficit is running at $1.8-1.9 trillion, roughly 6% of GDP, with interest payments now the second-largest line item in the federal budget after Social Security. The Fed holds rates at 3.65% while financing costs compound on a debt pile that has doubled in a decade.