US federal debt hits $40.59 trillion with rising interest costs

financial documents calculator Photo: Firmbee / Pixabay

The US federal debt outstanding reached $40.59 trillion on October 29, according to the Treasury Department. This total represents an increase of $496.7 billion from the previous month and $2.52 trillion from the same date in 2025. Debt held by the public accounted for $32.71 trillion, while intragovernmental holdings made up the remaining $7.88 trillion. Accrued interest expense for fiscal 2026 through September totaled $800 billion, with Treasury notes and bonds comprising the largest share of that cost.

Read the full story at econotimes.com.

Photo: Firmbee / Pixabay