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The U.S. national debt climbed to $34 trillion for the first time in December 2023, up from about $31.42 trillion one year earlier. The debt-to-GDP ratio gives insight into whether the U.S. can cover all its debt.
As of September 2024, the U.S. national debt was over $35.27 trillion. Tax cuts, stimulus programs, and increased government spending on defense can cause the national debt to rise sharply....
Historical Debt Outstanding is a dataset that provides a summary of the U.S. government's total outstanding debt at the end of each fiscal year from 1789 to the current year. Between 1789 and 1842, the fiscal year began in January. From January 1842 until 1977, the fiscal year began in July.
In December 2021, debt held by the public was estimated at 96.19% of GDP, and approximately 33% of this public debt was owned by foreigners (government and private). [7] The United States has the largest external debt in the world.
Graph and download economic data for Federal Debt: Total Public Debt (GFDEBTN) from Q1 1966 to Q2 2024 about public, debt, federal, government, and USA.
Graph and download economic data for Federal Debt: Total Public Debt from Jan 1962 to Oct 2024 about public, debt, federal, government, USA, 10-year, maturity, Treasury, interest rate, interest, and rate.
Graph and download economic data for Federal Debt: Total Public Debt from Q1 1947 to Q3 2024 about public, debt, federal, government, USA, headline figure, real, and GDP.
The national debt is the amount of money the federal government has borrowed to cover the outstanding balance of expenses incurred over time. In a given fiscal year (FY), when spending (ex. money for roadways) exceeds revenue (ex. money from federal income tax), a budget deficit results.
US National Debt Clock : Real Time U.S. National Debt Clock
The national debt of the United States has doubled over the last decade, exceeding 34 trillion U.S. dollars, or 93,500 U.S. dollars per person, in 2024.