June 2026 | Released June 05, 2026

+$2.99T
Change in gross national debt
Jun 03, 2025 to Jun 03, 2026

$290,860
Gross national debt per household
Jun 03, 2026

3.386 percent
Avg. int. rate on total marketable debt
May 2026

Growth of the national debt

• As of June 03, 2026, total gross national debt is $39.20 trillion.

  • Debt held by the public is $31.60 trillion.
  • Intragovernmental debt is $7.61 trillion.

• Relative to one year ago, total gross national debt is $2.99 trillion higher; relative to five years ago, it is $10.94 trillion higher.

• Over the past year, the rate of increase averaged $8.19 billion per day, $341.30 million per hour, $5.69 million per minute, or $94,804.90 per second.

• The increase in gross national debt over the past year amounts to $8,743.44 per person or $22,180.93 per household.

• Total gross national debt amounts to $114,653 per person or $290,860 per household.

• Assuming the average daily rate of growth over the past three years continues, the U.S. will reach $40 trillion by approximately September 23, 2026.

  • At that rate, an increase of another trillion dollars would be reached in approximately 141 days.

Interest rate on U.S. debt

U.S. public debt in the form of Treasury securities is primarily made up of bills (4-52 weeks), notes (2-10 years), and bonds (20-30 years). Others include Treasury Inflation Protected Securities, Cash Management Bills, and Floating Rate Notes.

• Net interest as a share of outlays is forecast by the Congressional Budget Office to be 13.95 percent in FY2026, 14.25 percent in FY2027, and 14.94 percent in FY2028.

• As of May 2026, the average interest rate on the total marketable national debt is 3.386 percent. One year ago, it was 3.362 percent; five years ago, it was 1.485 percent.

• The total amount of interest paid to trust funds over the past 12 months was $272.89 billion, an average of $22.74 billion per month.

Composition of U.S. debt

• A bid-to-cover ratio of 2 or higher reflects strong Treasury demand. As of May 2026, the bid-to-cover ratio for Treasury bills (4-week) is 3.07, for notes (10-year) is 2.40, and for bonds (30-year) is 2.30.

• As of May 2026, of the $31.52 trillion of total public debt outstanding, $15.94 trillion (50.58 percent) is in notes, $6.76 trillion (21.44 percent) is in bills, and $5.40 trillion (17.14 percent) is in bonds. $3.42 trillion (10.84 percent) is in other securities.

• As of the most recent data from Q2 of FY2026, approximately 33 percent of U.S. publicly held marketable debt will be maturing within 12 months.

• As of the most recent data from March 2026, the average maturity is 70 months. In March 2025, it was 71 months; in March 2021, it was 67 months.

Upcoming releases

Date	Time	Release	Data source
Jun 09	08:30 AM	Monthly Trade Update, April 2026	Bureau of Economic Analysis
Jun 10	08:30 AM	Monthly Inflation Update, May 2026	Bureau of Labor Statistics
Jun 11	10:00 AM	Monthly Fiscal Update, May 2026	U.S. Treasury
Jun 23	10:00 AM	State Employment and Unemployment, May 2026	Bureau of Labor Statistics
Jun 25	08:30 AM	Monthly Expenditures Update, May 2026	Bureau of Economic Analysis
Jun 25	08:30 AM	Monthly GDP Update, Q1 2026 Third Estimate	Bureau of Economic Analysis
Jul 02	08:30 AM	Monthly Employment Update, June 2026	Bureau of Labor Statistics

Notes

Source: U.S. Treasury; JEC Republicans calculations