Federal Debt Crosses $40.5 Trillion After a $65 Billion One Day Jump

Treasury's Debt to the Penny series recorded $40,528,358,939,415.85 on October 26, 2026, the first reading above $40.5 trillion, after a $65.21 billion one day rise.

Treasury's Debt to the Penny series recorded $40,528,358,939,415.85 on October 26, 2026, the first reading above $40.5 trillion, after a $65.21 billion one day rise.

Treasury will auction $213 billion of 2-year, 5-year, 7-year and floating rate notes across the four days surrounding the Fed's October 28 decision, all settling November 2.

China's U.S. Treasury holdings fell to $590.7 billion in August, the lowest since August 2008, while Britain topped $1 trillion and official accounts kept selling.

The Fed's October 14 Beige Book found price growth robust in three of twelve districts and picking up in four, with higher oil prices in every district report.

The federal government spent $1.360 trillion on interest in fiscal 2026, Treasury's closing accounting shows, up $140.4 billion from fiscal 2025 and a record high.

Total public debt outstanding reached $40,305,316,210,829.72 on October 8, 2026, the first reading ever above $40.3 trillion and up $133.49 billion in six business days.

The federal debt grew $2.46 trillion in fiscal 2026 and closed at $40.097 trillion, the first fiscal year to end above $40 trillion. Here is what it costs.

Federal interest expense reached $1,267.8 billion in eleven months of fiscal 2026, topping all of fiscal 2025, as the average rate on Treasury debt hit a 17-year high.

The Congressional Budget Office said federal debt held by the public would reach 222 percent of GDP in 2056 if interest rates run one percentage point above its baseline, against 175 percent in the baseline itself.

Treasury's 20-year bond auction cleared at a record 5.420 percent with the weakest indirect share since February, and the 10-year closed at 5.00 percent.