US federal debt hits $40.41 trillion in October report

stack of coins Photo: stevepb / Pixabay

The US Treasury Department reported that total federal debt outstanding reached $40.41 trillion on October 21, 2026. This figure represents an increase of $301.5 billion from the previous month and a rise of $2.39 trillion compared to the same date in 2025. Debt held by the public accounted for $32.57 trillion, while intragovernmental holdings made up the remaining $7.85 trillion. Accrued interest expense for fiscal year 2026 reached $800 billion, with Treasury notes representing the largest portion of that cost.

Read the full story at econotimes.com.

Photo: stevepb / Pixabay