The US Department of the Treasury reported that total outstanding federal debt reached $40.4 trillion on October 19. This figure includes both debt held by the public and intragovernmental holdings. The debt increased by $294.9 billion from September 18 and rose by $2.42 trillion compared to the previous year. Accrued interest expense for September totaled $63.1 billion, with fiscal year-to-date interest reaching $800 billion. Treasury notes represented the largest portion of the interest expense for both the month and the fiscal year.
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