Federal budget & debt · GFDEBTN
Federal debt
As of Q2 2026, total federal debt had risen 9.0% from a year earlier, compared with a 12-month change of 7.9% in Q1 2026. The latest value was $39.46T.
Source: U.S. Department of the Treasury, Fiscal Service via FRED®. Quarterly data, not seasonally adjusted. Latest observation Q2 2026; snapshot taken Oct 26, 2026, 6:40 PM EDT.
Latest (Q2 2026)
$39.46T
Change from Q1 2026
+1.0%
A year earlier
$36.21T
12-month change
+9.0%
$39.46T Q2 2026 · Millions of dollars
Millions of dollars. Data from Q1 1966 to Q2 2026 (242 observations).
What it measures
Total public debt is everything the federal government owes, including debt held by the public and debt held by government trust funds such as Social Security. This series is reported at the end of each quarter.
- Official title
- Federal Debt: Total Public Debt
- Units
- Millions of dollars
- Frequency and adjustment
- Quarterly, not seasonally adjusted
- Original source
- U.S. Department of the Treasury, Fiscal Service
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| Date | Value | Change | From a year ago |
|---|---|---|---|
| Q2 2026 | $39.46T | +1.0% | +9.0% |
| Q1 2026 | $39.07T | +1.4% | +7.9% |
| Q4 2025 | $38.51T | +2.3% | +6.3% |
| Q3 2025 | $37.64T | +3.9% | +6.1% |
| Q2 2025 | $36.21T | -0.0% | +4.0% |
| Q1 2025 | $36.21T | -0.0% | +4.7% |
| Q4 2024 | $36.22T | +2.1% | +6.5% |
| Q3 2024 | $35.46T | +1.8% | +6.9% |
| Q2 2024 | $34.83T | +0.7% | +7.7% |
| Q1 2024 | $34.59T | +1.7% | +9.9% |
| Q4 2023 | $34.00T | +2.5% | +8.2% |
| Q3 2023 | $33.17T | +2.6% | +7.2% |
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This page shows public economic data for general information. It is not financial advice and does not predict future values.
Sources
- U.S. Department of the Treasury, Fiscal Service, Federal Debt: Total Public Debt [GFDEBTN], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GFDEBTN, Oct 26, 2026.
- View GFDEBTN on FRED® · U.S. Department of the Treasury, Fiscal Service
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