Nonpartisan · No paywall · Every figure cited
The Daily Ledger Federal money, in plain English
National debt$40.55T Debt per resident$118,268 FY2026 deficit$1.97T Net interest FY2026$1.02T Sourced from U.S. Treasury data

Section

The Debt

The national debt stands at $40.28 trillion. Here is what that number means, how it got here, and where it is going.

Explainer | Debt

How big is the U.S. national debt?

The $40 trillion figure, what it includes, and how it is measured.

The Daily Ledger Staff

Explainer | Deficit

What is the federal deficit, and how is it different from the debt?

The two most confused words in fiscal policy, untangled.

The Daily Ledger Staff

Explainer | Debt

What is the debt ceiling?

The statutory limit on federal borrowing, and what happens around it.

The Daily Ledger Staff

Explainer | Debt

Who does the U.S. owe money to?

Japan, the UK, China, and the biggest holder of all: Americans themselves.

The Daily Ledger Staff

Interactive | Live

U.S. National Debt Clock

The debt, ticking live at about $93,673 per second.

The Daily Ledger Staff

Data | History

Debt-to-GDP ratio: history and tracker

From 1966 to today: the debt measured against the economy.

The Daily Ledger Staff

Data | History

National debt by president: the timeline

Treasury figures from Reagan to today. Numbers only, no blame.

The Daily Ledger Staff

Explainer | Analysis

Does the national debt matter?

Four arguments it does, four arguments economists worry less. You decide.

The Daily Ledger Staff

Interactive

Debt per person calculator

Enter your household size. Arithmetic perspective, not a bill.

The Daily Ledger Staff

Data | Interest

Interest on the national debt: the live tracker

The U.S. pays over $1 trillion a year in interest on the debt, about $33,000 every second. See how it compares to defense, Medicare, and Social Security.

The Daily Ledger Staff