$40.44 trillion
Total public debt on October 20, 2026
The national debt has grown by $4.23 trillion since Trump took office on January 20, 2025, an average of $6.63 billion a day.
Live data from the U.S. Treasury’s Debt to the Penny, refreshed twice a day. Treasury publishes figures for business days with a one-day lag.
| Component | January 17, 2025 | October 20, 2026 | Change |
|---|---|---|---|
| Debt held by the public | $28.85 trillion | $32.57 trillion | +$3.72 trillion |
| Intragovernmental holdings | $7.36 trillion | $7.87 trillion | +$512.3 billion |
| Total public debt | $36.21 trillion | $40.44 trillion | +$4.23 trillion |
Both periods cover 638 calendar days from inauguration day, using the last Treasury record on or before each date.
Debt growth depends on spending and tax laws passed by earlier Congresses, interest rates, the economy and the timing of debt-limit standoffs, so a change during a term is not the same as the cost of one president’s policies.
Last business day of each month, plus the latest record. Dashed lines mark the inaugurations of January 20, 2017, 2021 and 2025. Source: U.S. Treasury, Debt to the Penny.
Totals from the Monthly Treasury Statement. A fiscal year runs from October 1 to September 30, so fiscal years 2017, 2021 and 2025 each include months under two presidents.
Fiscal year 2026 is the first full fiscal year of Trump’s second term; the deficit was $1.99 trillion. Fiscal year 2022, the first full fiscal year of Biden’s term, had a deficit of $1.38 trillion.
| Fiscal year | Receipts | Outlays | Deficit |
|---|---|---|---|
| FY2026 | $5.40 trillion | $7.40 trillion | $1.99 trillion |
| FY2025 | $5.23 trillion | $7.01 trillion | $1.78 trillion |
| FY2024 | $4.92 trillion | $6.75 trillion | $1.83 trillion |
| FY2023 | $4.44 trillion | $6.13 trillion | $1.70 trillion |
| FY2022 | $4.90 trillion | $6.27 trillion | $1.38 trillion |
| FY2021 | $4.05 trillion | $6.82 trillion | $2.77 trillion |
| FY2020 | $3.42 trillion | $6.55 trillion | $3.13 trillion |
| FY2019 | $3.46 trillion | $4.45 trillion | $984.4 billion |
| FY2018 | $3.33 trillion | $4.11 trillion | $779.0 billion |
| FY2017 | $3.31 trillion | $3.98 trillion | $665.7 billion |
Total public debt outstanding was $40,439,546,016,039 ($40.44 trillion) on October 20, 2026, according to the Treasury’s Debt to the Penny data. Of that, $32.57 trillion was held by the public and $7.87 trillion by government accounts such as the Social Security trust funds.
The debt rose by $4.23 trillion, from $36.21 trillion on January 17, 2025 (the last business day before the January 20, 2025 inauguration) to $40.44 trillion on October 20, 2026. That averages $6.63 billion per day over 638 days.
Over the same 638 days after his inauguration (January 20, 2021 to October 20, 2022), the debt rose $3.47 trillion under Biden, an average of $5.45 billion per day. Under Trump the increase over the same span is $4.23 trillion.
The federal government ran a deficit of $1.99 trillion in fiscal year 2026 (October 1, 2025 to September 30, 2026): receipts of $5.40 trillion and outlays of $7.40 trillion, according to the Monthly Treasury Statement.
The debt limit was reinstated on January 2, 2025, at $36.1 trillion. Until Congress raised it, Treasury used extraordinary measures to keep total debt subject to the limit from growing. On July 4, 2025, P.L. 119-21 raised the limit by $5.0 trillion, to $41.1 trillion, and the debt began rising again.
TrumpInsight Editorial Team
News & Research Desk
Debt and deficit figures are pulled automatically from the U.S. Treasury’s Fiscal Data API and refreshed twice a day.
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