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Debt Clock

Today’s Federal Debt is about $18,043,929,134,000.

The amount is the gross federal debt issued by the United States Department of the Treasury since 1790. It doesn’t include state and local debt, and it doesn’t include the so-called unfunded liabilities of entitlement programs like Social Security and Medicare.


Total US Government Debt in 2015


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At the end of FY 2015 the total government debt in the United States, including federal, state, and local, is expected to be $21.845 trillion.

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Total Federal Government Debt in 2015


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At the end of FY 2015 the gross US federal government debt is estimated to be $18.713 trillion, according to the FY16 Federal Budget. Of this gross amount, debt “Held by the Public: Other” is estimated by usgovernmentspending.com at $11.520 trillion, debt “Held by the Public: Federal Reserve System” (i.e. monetized debt) is estimated by usgovernmentspending.com at $2.072 trillion and debt “Held by Federal Government Accounts” is estimated at $5.122 trillion.

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Total State Government Debt in 2015


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At the end of FY 2015 the state government debt in the United States is expected to be $1.217 trillion.

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Total Local Government Debt in 2015


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At the end of FY 2015 the local government debt in the United States is expected to be $1.914 trillion.

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Debt Data Sources

Debt data is from official government sources.
  Federal data since 1962 comes from the president’s budget.
  All other debt data comes from the US Census Bureau.

Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.

Detailed table of debt data sources here.

Federal debt data begins in 1792.

State and local debt data begins in 1890.

State and local debt data for individual states begins in 1957.

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Gross Federal Debt

Debt: $18,043,929,134,000

Data Sources for 2010_2019:

Sources for 2010:

GDP, GO: See GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
Guesstimated” by projecting the latest change in reported spending forward to future years

Sources for 2019:

GDP, GO: See GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
Guesstimated” by projecting the latest change in reported spending forward to future years

> data sources for other years
> data update schedule.

State and Local Finances Update for FY 2012

On December 11, 2014 usgovernmentspending.com updated the state and local spending and revenue for FY 2012 using the newly released Census Bureau State and Local Government Finances for FY 2012.  This includes state and local spending for the United States as a whole and individual states and the District of Columbia.

State and local spending and revenue for FY2012 are now actual historical spending as reported by the Census Bureau.  Previously state spending and revenue for FY2012 was actual and local spending and revenue was estimated.  The following table shows the difference between estimated and actual spending and revenue for FY2012:

FY 2012Estimated
$ billion
Actual
$ billion
Spending$1,657$1,647
Revenue$1,038$1,075

We have updated the "guesstimated" state and local finances for FY2013-19.

Also updated were state and local finances for 2009, 2010, and 2011 using newly released Census Bureau revised data.

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Christopher Chantrill.

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