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What’s another 10 Trillion

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For the first time in U.S. history, the national debt has surpassed $40 trillion.

The milestone comes as the federal government has added roughly $2.5 trillion to the debt since the start of fiscal year 2026 on October 1, 2025. According to the Congressional Budget Office, the government borrowed approximately $1.8 trillion during the first 10 months of the fiscal year alone.

Based on the Census Bureau’s 2026 population estimate of about 342.7 million, $40 trillion amounts to roughly $116,700 in federal debt per U.S. resident.

Meanwhile, the cost of servicing the debt continues to rise. The CBO reported approximately $963 billion in net interest payments during the first 10 months of FY2026—equivalent to more than $3 billion in interest costs every day.