Debt vs. Deficit
The debt is accumulated borrowing. A deficit is the amount by which spending exceeds revenue during a particular reporting period. A fiscal surplus occurs when revenue exceeds spending.
Financial transparency starts with knowing the facts. These figures are retrieved from the U.S. Department of the Treasury and are labeled with their official reporting dates.
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Held by households, investors, financial institutions, foreign entities and the Federal Reserve.
Treasury securities held by government accounts, including trust funds.
Compared with the prior available record.
About “real time”: Treasury updates this dataset after business days. The figures refresh from Treasury's official API; they are not estimated second by second. On weekends and holidays, the latest available official report may be older. Debt differs from the annual budget deficit.
A growing debt balance doesn't by itself measure annual spending, yearly deficits, debt service, or economic performance. Each is a different fiscal concept.
The debt is accumulated borrowing. A deficit is the amount by which spending exceeds revenue during a particular reporting period. A fiscal surplus occurs when revenue exceeds spending.
Explore a simple interactive model built from Treasury's latest complete fiscal-year revenue and spending totals.
Open Budget Simulator