Federal budget & debt · FYGFDPUN

Federal debt held by the public

As of Q2 2026, the federal debt held by the public stood at $31.71T, a change of +0.8% from the quarter before.

Source: U.S. Department of the Treasury, Fiscal Service via FRED®. Quarterly data, not seasonally adjusted. Latest observation Q2 2026; snapshot taken Oct 27, 2026, 2:15 AM EDT.

Latest (Q2 2026)

$31.71T

Change from Q1 2026

+0.8%

A year earlier

$28.98T

12-month change

+9.4%

$31.71T Q2 2026 · Millions of dollars

$22T$24T$26T$28T$30T$32T20222023202420252026

Millions of dollars. Data from Q1 1970 to Q2 2026 (226 observations).

What it measures

Debt held by the public is federal debt owned by investors outside the federal government, including the Federal Reserve and foreign buyers. It leaves out debt the government owes to its own trust funds, such as Social Security.

Official title
Federal Debt Held by the Public
Units
Millions of dollars
Frequency and adjustment
Quarterly, not seasonally adjusted
Original source
U.S. Department of the Treasury, Fiscal Service
Recent values
DateValueChange
Q2 2026$31.71T+0.8%
Q1 2026$31.45T+1.9%
Q4 2025$30.87T+1.9%
Q3 2025$30.30T+4.6%
Q2 2025$28.98T+0.1%
Q1 2025$28.93T+0.3%
Q4 2024$28.86T+1.9%
Q3 2024$28.33T+2.5%
Q2 2024$27.63T+0.4%
Q1 2024$27.53T+2.1%
Q4 2023$26.96T+2.3%
Q3 2023$26.35T+3.4%

Related indicators

This page shows public economic data for general information. It is not financial advice and does not predict future values.

Sources

FRED® is a registered trademark of the Federal Reserve Bank of St. Louis. Neither the Federal Reserve Bank of St. Louis nor U.S. Department of the Treasury, Fiscal Service endorses OpenEcon.