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US national debt tops $40 trillion: These charts offer more context
The debt reached $40.05 trillion as federal borrowing climbed nearly 600% since 2000, Treasury data shows.
- The U.S. national debt surpassed $40 trillion as of Tuesday's close of business, according to Treasury Department data, rising from about $36.2 trillion when President Donald Trump assumed office in January 2025.
- Since the turn of the century, national debt has grown nearly 600% as the federal government has not recorded a surplus since 2001, with spending consistently exceeding revenue each year.
- President Joe Biden's term saw the largest dollar increase at $8.45 trillion with 30.5% growth, while President Donald Trump's first term added $7.81 trillion or 39.1%; Barack Obama's presidency totaled $9.32 trillion across both terms.
- Federal spending surged by about 50% from fiscal year 2019 to fiscal year 2021 due to the COVID-19 pandemic, which began during Trump's first term and continued into Biden's, driving significant debt accumulation.
- Divided evenly across the current U.S. population, national debt reaches about $116,800 per American, while the Facts Data Team created graphics comparing $1 trillion to median household income to illustrate the magnitude of federal obligations.
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Coverage Details
Total News Sources30
Leaning Left0Leaning Right3Center27Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
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