The national debt
The Treasury reported $40.1 trillion of public debt outstanding on September 18, 2026, of which $32.4 trillion is held by the public.
What is owed, and to whom
- $40.1 trillion
- Total public debt outstanding
- $40,101,500,516,712
- As published for September 18, 2026.
- $32.4 trillion
- Held by the public
- $32,401,926,526,744
- Owed to investors: individuals, funds, companies, foreign governments.
- $7.7 trillion
- Intragovernmental holdings
- $7,699,573,989,968
- Owed by the government to its own accounts, largely the trust funds.
- $57.8 billion
- Interest, latest month
- $57,845,143,225
- Interest owed to investors, accrual basis, August 31, 2026.
The debt by month
The debt has grown 121.8% since 2015-01, and 80.8% of it is owed to the public
The last published day of each month, not an average of the month. Debt held by the public is owed to investors; intragovernmental holdings are owed by the government to its own accounts. They are shown apart because they are different obligations, and one of them the government owes itself.
The growth figure divides the change since 2015-01 by the figure for that month, both from the table below.
Source: The Treasury
About this chart
The figures
| Month | Held by the public | Intragovernmental holdings | Total |
|---|---|---|---|
| 2015-01 | $13.0 trillion | $5.1 trillion | $18.1 trillion |
| 2015-02 | $13.1 trillion | $5.1 trillion | $18.2 trillion |
| 2015-03 | $13.1 trillion | $5.1 trillion | $18.2 trillion |
| 2015-04 | $13.1 trillion | $5.1 trillion | $18.2 trillion |
| 2015-05 | $13.1 trillion | $5.1 trillion | $18.2 trillion |
| 2015-06 | $13.1 trillion | $5.1 trillion | $18.2 trillion |
| 2015-07 | $13.1 trillion | $5.0 trillion | $18.2 trillion |
| 2015-08 | $13.1 trillion | $5.0 trillion | $18.2 trillion |
| 2015-09 | $13.1 trillion | $5.0 trillion | $18.2 trillion |
| 2015-10 | $13.1 trillion | $5.1 trillion | $18.2 trillion |
| 2015-11 | $13.6 trillion | $5.2 trillion | $18.8 trillion |
| 2015-12 | $13.7 trillion | $5.2 trillion | $18.9 trillion |
| 2016-01 | $13.7 trillion | $5.4 trillion | $19.0 trillion |
| 2016-02 | $13.8 trillion | $5.3 trillion | $19.1 trillion |
| 2016-03 | $13.9 trillion | $5.3 trillion | $19.3 trillion |
| 2016-04 | $13.8 trillion | $5.3 trillion | $19.2 trillion |
| 2016-05 | $13.9 trillion | $5.4 trillion | $19.3 trillion |
| 2016-06 | $13.9 trillion | $5.4 trillion | $19.4 trillion |
| 2016-07 | $14.0 trillion | $5.4 trillion | $19.4 trillion |
| 2016-08 | $14.1 trillion | $5.4 trillion | $19.5 trillion |
| 2016-09 | $14.2 trillion | $5.4 trillion | $19.6 trillion |
| 2016-10 | $14.3 trillion | $5.5 trillion | $19.8 trillion |
| 2016-11 | $14.4 trillion | $5.5 trillion | $19.9 trillion |
| 2016-12 | $14.4 trillion | $5.5 trillion | $20.0 trillion |
| 2017-01 | $14.4 trillion | $5.6 trillion | $19.9 trillion |
| 2017-02 | $14.4 trillion | $5.5 trillion | $20.0 trillion |
| 2017-03 | $14.4 trillion | $5.5 trillion | $19.8 trillion |
| 2017-04 | $14.3 trillion | $5.6 trillion | $19.8 trillion |
| 2017-05 | $14.3 trillion | $5.5 trillion | $19.8 trillion |
| 2017-06 | $14.4 trillion | $5.5 trillion | $19.8 trillion |
| 2017-07 | $14.4 trillion | $5.5 trillion | $19.8 trillion |
| 2017-08 | $14.4 trillion | $5.5 trillion | $19.8 trillion |
| 2017-09 | $14.7 trillion | $5.6 trillion | $20.2 trillion |
| 2017-10 | $14.8 trillion | $5.7 trillion | $20.4 trillion |
| 2017-11 | $14.9 trillion | $5.7 trillion | $20.6 trillion |
| 2017-12 | $14.8 trillion | $5.7 trillion | $20.5 trillion |
| 2018-01 | $14.8 trillion | $5.7 trillion | $20.5 trillion |
| 2018-02 | $15.2 trillion | $5.7 trillion | $20.9 trillion |
| 2018-03 | $15.4 trillion | $5.7 trillion | $21.1 trillion |
| 2018-04 | $15.3 trillion | $5.7 trillion | $21.1 trillion |
| 2018-05 | $15.4 trillion | $5.7 trillion | $21.1 trillion |
| 2018-06 | $15.5 trillion | $5.7 trillion | $21.2 trillion |
| 2018-07 | $15.6 trillion | $5.7 trillion | $21.3 trillion |
| 2018-08 | $15.8 trillion | $5.7 trillion | $21.5 trillion |
| 2018-09 | $15.8 trillion | $5.8 trillion | $21.5 trillion |
| 2018-10 | $15.8 trillion | $5.9 trillion | $21.7 trillion |
| 2018-11 | $16.0 trillion | $5.8 trillion | $21.9 trillion |
| 2018-12 | $16.1 trillion | $5.9 trillion | $22.0 trillion |
| 2019-01 | $16.1 trillion | $5.9 trillion | $22.0 trillion |
| 2019-02 | $16.3 trillion | $5.9 trillion | $22.1 trillion |
| 2019-03 | $16.2 trillion | $5.8 trillion | $22.0 trillion |
| 2019-04 | $16.2 trillion | $5.8 trillion | $22.0 trillion |
| 2019-05 | $16.2 trillion | $5.8 trillion | $22.0 trillion |
| 2019-06 | $16.2 trillion | $5.8 trillion | $22.0 trillion |
| 2019-07 | $16.2 trillion | $5.8 trillion | $22.0 trillion |
| 2019-08 | $16.6 trillion | $5.9 trillion | $22.5 trillion |
| 2019-09 | $16.8 trillion | $5.9 trillion | $22.7 trillion |
| 2019-10 | $17.0 trillion | $6.0 trillion | $23.0 trillion |
| 2019-11 | $17.1 trillion | $6.0 trillion | $23.1 trillion |
| 2019-12 | $17.2 trillion | $6.0 trillion | $23.2 trillion |
| 2020-01 | $17.2 trillion | $6.0 trillion | $23.2 trillion |
| 2020-02 | $17.4 trillion | $6.0 trillion | $23.4 trillion |
| 2020-03 | $17.7 trillion | $6.0 trillion | $23.7 trillion |
| 2020-04 | $19.1 trillion | $5.9 trillion | $25.0 trillion |
| 2020-05 | $19.8 trillion | $5.9 trillion | $25.7 trillion |
| 2020-06 | $20.5 trillion | $5.9 trillion | $26.5 trillion |
| 2020-07 | $20.6 trillion | $5.9 trillion | $26.5 trillion |
| 2020-08 | $20.8 trillion | $5.9 trillion | $26.7 trillion |
| 2020-09 | $21.0 trillion | $5.9 trillion | $26.9 trillion |
| 2020-10 | $21.1 trillion | $6.0 trillion | $27.1 trillion |
| 2020-11 | $21.3 trillion | $6.1 trillion | $27.4 trillion |
| 2020-12 | $21.6 trillion | $6.1 trillion | $27.7 trillion |
| 2021-01 | $21.6 trillion | $6.1 trillion | $27.8 trillion |
| 2021-02 | $21.8 trillion | $6.1 trillion | $27.9 trillion |
| 2021-03 | $22.0 trillion | $6.1 trillion | $28.1 trillion |
| 2021-04 | $22.1 trillion | $6.1 trillion | $28.2 trillion |
| 2021-05 | $22.0 trillion | $6.2 trillion | $28.2 trillion |
| 2021-06 | $22.3 trillion | $6.2 trillion | $28.5 trillion |
| 2021-07 | $22.3 trillion | $6.1 trillion | $28.4 trillion |
| 2021-08 | $22.3 trillion | $6.2 trillion | $28.4 trillion |
| 2021-09 | $22.3 trillion | $6.1 trillion | $28.4 trillion |
| 2021-10 | $22.6 trillion | $6.3 trillion | $28.9 trillion |
| 2021-11 | $22.6 trillion | $6.3 trillion | $28.9 trillion |
| 2021-12 | $23.1 trillion | $6.5 trillion | $29.6 trillion |
| 2022-01 | $23.5 trillion | $6.5 trillion | $30.0 trillion |
| 2022-02 | $23.8 trillion | $6.5 trillion | $30.3 trillion |
| 2022-03 | $23.9 trillion | $6.5 trillion | $30.4 trillion |
| 2022-04 | $23.8 trillion | $6.5 trillion | $30.4 trillion |
| 2022-05 | $23.9 trillion | $6.6 trillion | $30.5 trillion |
| 2022-06 | $23.9 trillion | $6.7 trillion | $30.6 trillion |
| 2022-07 | $24.0 trillion | $6.6 trillion | $30.6 trillion |
| 2022-08 | $24.3 trillion | $6.7 trillion | $30.9 trillion |
| 2022-09 | $24.3 trillion | $6.6 trillion | $30.9 trillion |
| 2022-10 | $24.4 trillion | $6.9 trillion | $31.2 trillion |
| 2022-11 | $24.6 trillion | $6.9 trillion | $31.4 trillion |
| 2022-12 | $24.5 trillion | $6.9 trillion | $31.4 trillion |
| 2023-01 | $24.6 trillion | $6.9 trillion | $31.5 trillion |
| 2023-02 | $24.6 trillion | $6.9 trillion | $31.5 trillion |
| 2023-03 | $24.7 trillion | $6.8 trillion | $31.5 trillion |
| 2023-04 | $24.6 trillion | $6.9 trillion | $31.5 trillion |
| 2023-05 | $24.6 trillion | $6.8 trillion | $31.5 trillion |
| 2023-06 | $25.5 trillion | $6.9 trillion | $32.3 trillion |
| 2023-07 | $25.7 trillion | $6.9 trillion | $32.6 trillion |
| 2023-08 | $26.0 trillion | $6.9 trillion | $32.9 trillion |
| 2023-09 | $26.3 trillion | $6.8 trillion | $33.2 trillion |
| 2023-10 | $26.6 trillion | $7.1 trillion | $33.7 trillion |
| 2023-11 | $26.8 trillion | $7.0 trillion | $33.9 trillion |
| 2023-12 | $26.9 trillion | $7.1 trillion | $34.0 trillion |
| 2024-01 | $27.1 trillion | $7.1 trillion | $34.2 trillion |
| 2024-02 | $27.4 trillion | $7.1 trillion | $34.5 trillion |
| 2024-03 | $27.5 trillion | $7.1 trillion | $34.6 trillion |
| 2024-04 | $27.5 trillion | $7.1 trillion | $34.6 trillion |
| 2024-05 | $27.6 trillion | $7.1 trillion | $34.7 trillion |
| 2024-06 | $27.6 trillion | $7.2 trillion | $34.8 trillion |
| 2024-07 | $27.9 trillion | $7.2 trillion | $35.1 trillion |
| 2024-08 | $28.2 trillion | $7.1 trillion | $35.3 trillion |
| 2024-09 | $28.3 trillion | $7.2 trillion | $35.5 trillion |
| 2024-10 | $28.6 trillion | $7.4 trillion | $36.0 trillion |
| 2024-11 | $28.8 trillion | $7.3 trillion | $36.1 trillion |
| 2024-12 | $28.8 trillion | $7.4 trillion | $36.2 trillion |
| 2025-01 | $28.9 trillion | $7.3 trillion | $36.2 trillion |
| 2025-02 | $28.9 trillion | $7.3 trillion | $36.2 trillion |
| 2025-03 | $28.9 trillion | $7.3 trillion | $36.2 trillion |
| 2025-04 | $28.9 trillion | $7.4 trillion | $36.2 trillion |
| 2025-05 | $29.0 trillion | $7.3 trillion | $36.2 trillion |
| 2025-06 | $29.0 trillion | $7.3 trillion | $36.2 trillion |
| 2025-07 | $29.5 trillion | $7.4 trillion | $36.9 trillion |
| 2025-08 | $30.0 trillion | $7.3 trillion | $37.3 trillion |
| 2025-09 | $30.3 trillion | $7.4 trillion | $37.6 trillion |
| 2025-10 | $30.6 trillion | $7.5 trillion | $38.0 trillion |
| 2025-11 | $30.8 trillion | $7.6 trillion | $38.4 trillion |
| 2025-12 | $30.8 trillion | $7.7 trillion | $38.5 trillion |
| 2026-01 | $30.9 trillion | $7.6 trillion | $38.5 trillion |
| 2026-02 | $31.2 trillion | $7.6 trillion | $38.8 trillion |
| 2026-03 | $31.4 trillion | $7.6 trillion | $39.1 trillion |
| 2026-04 | $31.3 trillion | $7.7 trillion | $39.0 trillion |
| 2026-05 | $31.5 trillion | $7.7 trillion | $39.2 trillion |
| 2026-06 | $31.7 trillion | $7.8 trillion | $39.5 trillion |
| 2026-07 | $32.0 trillion | $7.7 trillion | $39.8 trillion |
| 2026-08 | $32.4 trillion | $7.8 trillion | $40.2 trillion |
| 2026-09 | $32.4 trillion | $7.7 trillion | $40.1 trillion |
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What the debt costs
Interest owed to investors ran to $736.9 billion in the fiscal year to date
Accrued interest expense on public issues: what the debt cost in the month rather than what was paid out in it. Interest the government owes its own trust funds is reported on a different footing and is not on this chart.
Source: The Treasury
About this chart
The figures
| Month | Accrued interest expense |
|---|---|
| 2015-01 | $14.5 billion |
| 2015-02 | $12.4 billion |
| 2015-03 | $15.5 billion |
| 2015-04 | $23.3 billion |
| 2015-05 | $26.0 billion |
| 2015-06 | $21.6 billion |
| 2015-07 | $25.4 billion |
| 2015-08 | $24.0 billion |
| 2015-09 | $19.7 billion |
| 2015-10 | $18.7 billion |
| 2015-11 | $17.9 billion |
| 2015-12 | $20.0 billion |
| 2016-01 | $18.4 billion |
| 2016-02 | $15.9 billion |
| 2016-03 | $22.4 billion |
| 2016-04 | $21.1 billion |
| 2016-05 | $25.5 billion |
| 2016-06 | $25.6 billion |
| 2016-07 | $25.6 billion |
| 2016-08 | $24.6 billion |
| 2016-09 | $18.2 billion |
| 2016-10 | $21.6 billion |
| 2016-11 | $22.9 billion |
| 2016-12 | $22.4 billion |
| 2017-01 | $19.1 billion |
| 2017-02 | $19.3 billion |
| 2017-03 | $28.2 billion |
| 2017-04 | $24.6 billion |
| 2017-05 | $22.4 billion |
| 2017-06 | $24.2 billion |
| 2017-07 | $22.6 billion |
| 2017-08 | $22.5 billion |
| 2017-09 | $19.9 billion |
| 2017-10 | $25.2 billion |
| 2017-11 | $27.8 billion |
| 2017-12 | $21.4 billion |
| 2018-01 | $22.2 billion |
| 2018-02 | $19.5 billion |
| 2018-03 | $29.7 billion |
| 2018-04 | $28.3 billion |
| 2018-05 | $26.2 billion |
| 2018-06 | $27.9 billion |
| 2018-07 | $29.2 billion |
| 2018-08 | $26.0 billion |
| 2018-09 | $23.5 billion |
| 2018-10 | $25.2 billion |
| 2018-11 | $25.6 billion |
| 2018-12 | $27.6 billion |
| 2019-01 | $21.1 billion |
| 2019-02 | $18.9 billion |
| 2019-03 | $28.6 billion |
| 2019-04 | $31.2 billion |
| 2019-05 | $34.2 billion |
| 2019-06 | $33.2 billion |
| 2019-07 | $29.9 billion |
| 2019-08 | $27.0 billion |
| 2019-09 | $28.1 billion |
| 2019-10 | $26.7 billion |
| 2019-11 | $27.0 billion |
| 2019-12 | $30.3 billion |
| 2020-01 | $26.5 billion |
| 2020-02 | $24.1 billion |
| 2020-03 | $32.3 billion |
| 2020-04 | $29.9 billion |
| 2020-05 | $23.3 billion |
| 2020-06 | $15.8 billion |
| 2020-07 | $25.6 billion |
| 2020-08 | $33.1 billion |
| 2020-09 | $32.1 billion |
| 2020-10 | $30.2 billion |
| 2020-11 | $26.6 billion |
| 2020-12 | $25.8 billion |
| 2021-01 | $24.2 billion |
| 2021-02 | $23.9 billion |
| 2021-03 | $31.4 billion |
| 2021-04 | $32.6 billion |
| 2021-05 | $35.8 billion |
| 2021-06 | $36.9 billion |
| 2021-07 | $37.6 billion |
| 2021-08 | $39.4 billion |
| 2021-09 | $31.8 billion |
| 2021-10 | $28.2 billion |
| 2021-11 | $28.4 billion |
| 2021-12 | $38.5 billion |
| 2022-01 | $33.5 billion |
| 2022-02 | $28.2 billion |
| 2022-03 | $39.8 billion |
| 2022-04 | $41.1 billion |
| 2022-05 | $49.7 billion |
| 2022-06 | $36.9 billion |
| 2022-07 | $47.7 billion |
| 2022-08 | $53.5 billion |
| 2022-09 | $29.3 billion |
| 2022-10 | $30.0 billion |
| 2022-11 | $34.4 billion |
| 2022-12 | $39.9 billion |
| 2023-01 | $31.6 billion |
| 2023-02 | $24.9 billion |
| 2023-03 | $48.8 billion |
| 2023-04 | $44.8 billion |
| 2023-05 | $42.1 billion |
| 2023-06 | $44.7 billion |
| 2023-07 | $42.0 billion |
| 2023-08 | $43.5 billion |
| 2023-09 | $40.7 billion |
| 2023-10 | $47.5 billion |
| 2023-11 | $43.6 billion |
| 2023-12 | $40.2 billion |
| 2024-01 | $37.8 billion |
| 2024-02 | $37.7 billion |
| 2024-03 | $53.8 billion |
| 2024-04 | $55.2 billion |
| 2024-05 | $58.1 billion |
| 2024-06 | $53.1 billion |
| 2024-07 | $50.6 billion |
| 2024-08 | $49.0 billion |
| 2024-09 | $49.3 billion |
| 2024-10 | $51.2 billion |
| 2024-11 | $51.9 billion |
| 2024-12 | $53.4 billion |
| 2025-01 | $51.1 billion |
| 2025-02 | $48.4 billion |
| 2025-03 | $66.6 billion |
| 2025-04 | $62.0 billion |
| 2025-05 | $60.1 billion |
| 2025-06 | $60.2 billion |
| 2025-07 | $61.1 billion |
| 2025-08 | $64.3 billion |
| 2025-09 | $59.0 billion |
| 2025-10 | $64.4 billion |
| 2025-11 | $62.7 billion |
| 2025-12 | $64.8 billion |
| 2026-01 | $51.5 billion |
| 2026-02 | $54.4 billion |
| 2026-03 | $69.1 billion |
| 2026-04 | $70.2 billion |
| 2026-05 | $84.6 billion |
| 2026-06 | $79.4 billion |
| 2026-07 | $78.0 billion |
| 2026-08 | $57.8 billion |
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| Security | This month | Fiscal year to date |
|---|---|---|
| Treasury Notes | $44.3 billion$44,307,873,395 | $454.8 billion$454,797,399,349 |
| Treasury Bonds | $15.7 billion$15,730,057,453 | $162.9 billion$162,876,736,088 |
| Treasury Floating Rate Notes (FRN) | $2.2 billion$2,208,328,153 | $24.3 billion$24,328,875,372 |
| Inflation Protected Securities (TIPS) | $2.2 billion$2,180,651,736 | $22.2 billion$22,247,654,635 |
| State & Local Government-C/I's, Notes & Bonds | $220.8 million$220,818,485 | $2.5 billion$2,497,884,693 |
| Domestic Series - C/I's & Demand Deposits | $506,268$506,268 | $17.1 million$17,124,649 |
| Foreign Series - C/I, Notes & Bonds | $0$0 | $0$0 |
| Matured Debt | $0$0 | $0$0 |
| REA Series | $0$0 | $0$0 |
| Int. Expense Inflation Compensation (TIPS) | -$6.8 billion-$6,803,092,266 | $70.1 billion$70,126,966,554 |
What this data cannot show
- Treasury publishes no single total for interest on the debt. The figures sit under a category, a basis and a security type, and the bases within a category measure the same obligation different ways rather than adding up. This page shows accrued interest on public issues and says so, rather than adding things that should not be added.
- Interest on government account series — what the government owes its own trust funds — is reported as accrual-basis amortization and cash-basis payments. Neither is the analogue of the public-issues figure, so it is not on the same chart.
- Debt outstanding is a stock on a date, not a flow over a period. It is not the deficit, and it is not comparable to the annual obligation figures elsewhere on this hub.
Related
Sources
- Treasury Fiscal Data — U.S. Department of the Treasury, Bureau of the Fiscal Service · Public domain — U.S. Government work · retrieved September 21, 2026
Compiled automatically from Treasury Fiscal Data by a checked SQL query · Editor: Kian O'Connor · How this site is built
Data retrieved