Tracking the federal deficit, national debt trajectory, and long-term fiscal sustainability. Sourced from CBO projections, OMB budget data, and FRED economic indicators.
→ Full Debt DashboardSourced from FRED, US Treasury Fiscal Data, Congressional Budget Office, and Office of Management & Budget.
The first half of FY2026 shows a smaller deficit than last year, but debt remains near $39 trillion and net interest outlays remain close to $1 trillion.
Read Analysis →Federal interest costs hit $970 billion in FY2025—up 10% in one year—while labor force participation fell to 62.0%. The data reveals a widening gap between the tax base and federal debt service.
The federal government ran a $1.83 trillion deficit in FY2025 — 5.77% of GDP — with mandatory programs and $970B in interest now consuming 86 cents of every revenue dollar.
The federal government ran a $1 trillion deficit in the first five months of FY2026, with $308 billion borrowed in February alone. CBO projects a $1.9 trillion full-year gap.
Read Analysis →In FY2025, federal net interest on the national debt crossed $1 trillion for the first time — now the second-largest budget line item, ahead of defense spending, with CBO projecting $2.1 trillion annually by 2036.
Read Analysis →A data-driven accounting of every dollar the federal government spent beyond its revenues in FY2024, and what it means for the debt trajectory.
The Congressional Budget Office's latest 10-year baseline reveals an accelerating fiscal gap driven by mandatory spending growth and rising interest costs.
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