Real-time Treasury Estimate
Long-term fiscal trajectories
Revenue is the money the government collects, primarily through taxes. This includes individual income taxes, corporate income taxes, and payroll taxes (Social Security/Medicare).
Spending is where the money goes. Major categories include Social Security, Medicare, defense, and interest on the debt. "Mandatory" spending (set by law) makes up the largest chunk.
When spending exceeds revenue in a fiscal year, we have a deficit. The government must borrow money to cover this gap, usually by selling Treasury securities.
This is the total of all unpaid borrowing. It grows every time there is a deficit. Interest must be paid on this debt, which is a major line item in the annual budget.
Disclaimer: For Educational Purposes Only
The data provided by this US National Debt Tracker is for educational and informational purposes only. It is based on public Treasury data and probabilistic estimates. Spectacle Capital is not a government agency, financial advisor, or research institution. The information presented here should not be considered financial or economic advice. While we strive for accuracy, official government sources should be consulted for definitive data.