GENM: the U.S. debt, from U.S. Treasury data

The debt sphere

Borrowing pace

Borrowing pace per second
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GENM-calculated from Treasury data
Borrowing pace per day
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GENM-calculated from Treasury data
Projected date total debt passes its next trillion
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GENM-calculated from Treasury data

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Featured tools

  • V1

    Live Debt Clock

    The total U.S. debt from Treasury's Debt to the Penny, with how fast it is changing.

    Coming soon

  • V2

    Who Holds the Debt

    How the debt splits between investors and the government's own trust funds.

    Coming soon

  • V12

    “What If” Debt Projector

    Try your own borrowing pace and see where the debt could go. GENM estimates, not forecasts.

    Coming soon

  • V13

    The Debt Sphere

    The debt as a sphere you can drag back through Treasury history and forward into GENM projections.

    Coming soon

Latest research

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Treasury Credit Spread Repricing

A 4.67% 10-year Treasury yield [Source: 1]The configuration is less reassuring than the individual levels suggest: nominal duration is expensive, while the positive curve and contained credit

About the Debt Sphere

The Debt Sphere is a free interactive U.S. national debt tracker built entirely on official U.S. Department of the Treasury data. Instead of a single number on a debt clock, it shows the whole picture at once: how much the federal government owes, who it owes it to, how close it is to the statutory debt limit, and how much cash the Treasury has on hand. The sphere grows and shrinks with the national debt using Treasury's Debt to the Penny figures, updated each business day. Its gold surface is debt held by the public, owed to investors such as individuals, banks, mutual funds, state and local governments and foreign governments. Its blue surface is intragovernmental debt, the money the government owes its own trust funds, including Social Security and federal retirement programs.

A gold shell around the sphere marks the debt ceiling set by Congress, so you can see at a glance how much borrowing room remains. Below the sphere, live readouts show debt held by the public, intragovernmental debt, remaining room under the limit and the Treasury General Account, the government's main cash balance at the Federal Reserve, drawn from the Daily Treasury Statement. The cash balance often drops sharply during debt ceiling standoffs, one of the clearest warning signs of a looming default deadline.

How to use it

Drag the sphere left, or move the timeline slider, to travel back through actual Treasury figures to October 2005. Every readout updates to that date as you go. Watch the federal debt climb through the 2008 financial crisis, the 2011 and 2023 debt ceiling battles and the 2020 pandemic response, and see how the balance between public and intragovernmental debt has shifted. Let go and it stays on that date. Drag right to look up to 10 years ahead: future dates carry a red projection stamp because they are GENM estimates, not Treasury data. Choose the historical growth rate since 2005, or click My projection and set your own daily borrowing pace to see when the debt would pass the current limit; come back later to see how your projection compares with Treasury's actual figures. Share any date with a link, or save the view as an image for a report, class or post.

Why it matters

The size and makeup of the national debt affect Treasury bond supply, interest costs in the federal budget, and the timing of debt ceiling deadlines that can move markets. The Debt Sphere gives investors, advisors, journalists, students and teachers a fast, visual way to understand those trends and check them against the original source. Every historical figure comes from the U.S. Department of the Treasury's Debt to the Penny and Daily Treasury Statement datasets. The ticking total between Treasury updates, the debt limit headroom and all future values are GENM calculations, provided for education and not as financial advice.

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Data source

Source: U.S. Department of the Treasury, Debt to the Penny and Daily Treasury Statement

The Debt Sphere: Track the U.S. National Debt in Real Time, Back to 2005

The Debt Sphere is a free interactive U.S. national debt tracker built entirely on official U.S. Department of the Treasury data. Instead of a single number on a debt clock, it shows the whole picture at once: how much the federal government owes, who it owes it to, how close it is to the statutory debt limit, and how much cash the Treasury has on hand. The sphere grows and shrinks with the national debt using Treasury's Debt to the Penny figures, updated each business day. Its gold surface is debt held by the public, owed to investors such as individuals, banks, mutual funds, state and local governments and foreign governments. Its blue surface is intragovernmental debt, the money the government owes its own trust funds, including Social Security and federal retirement programs.

A gold shell around the sphere marks the debt ceiling set by Congress, so you can see at a glance how much borrowing room remains. A small moon in orbit tracks the Treasury General Account, the government's main cash balance at the Federal Reserve, drawn from the Daily Treasury Statement. The moon turns red when cash runs low, which often happens during debt ceiling standoffs, one of the clearest warning signs of a looming default deadline.

How to use it

Drag the sphere left, or move the timeline slider, to travel back through actual Treasury figures to October 2005. Watch the federal debt climb through the 2008 financial crisis, the 2011 and 2023 debt ceiling battles and the 2020 pandemic response, and see how the balance between public and intragovernmental debt has shifted. Let go and it stays on that date. Drag right to look up to 10 years ahead: future dates carry a red projection stamp because they are GENM estimates, not Treasury data. Choose the historical growth rate since 2005, or set your own daily borrowing pace to see when the debt would pass the current limit. Share any date with a link, or save the view as an image for a report, class or post.

Why it matters

The size and makeup of the national debt affect Treasury bond supply, interest costs in the federal budget, and the timing of debt ceiling deadlines that can move markets. The Debt Sphere gives investors, advisors, journalists, students and teachers a fast, visual way to understand those trends and check them against the original source. Every historical figure comes from the U.S. Department of the Treasury's Debt to the Penny and Daily Treasury Statement datasets. The ticking total between Treasury updates, the debt limit headroom and all future values are GENM calculations, provided for education and not as financial advice.

The Debt Sphere: Track the U.S. National Debt in Real Time, Back to 2005

The Debt Sphere is a free interactive U.S. national debt tracker built entirely on official U.S. Department of the Treasury data. Instead of a single number on a debt clock, it shows the whole picture at once: how much the federal government owes, who it owes it to, how close it is to the statutory debt limit, and how much cash the Treasury has on hand. The sphere grows and shrinks with the national debt using Treasury's Debt to the Penny figures, updated each business day. Its gold surface is debt held by the public, owed to investors such as individuals, banks, mutual funds, state and local governments and foreign governments. Its blue surface is intragovernmental debt, the money the government owes its own trust funds, including Social Security and federal retirement programs.

A gold shell around the sphere marks the debt ceiling set by Congress, so you can see at a glance how much borrowing room remains. Below the sphere, live readouts show debt held by the public, intragovernmental debt, remaining room under the limit and the Treasury General Account, the government's main cash balance at the Federal Reserve, drawn from the Daily Treasury Statement. The cash balance often drops sharply during debt ceiling standoffs, one of the clearest warning signs of a looming default deadline.

How to use it

Drag the sphere left, or move the timeline slider, to travel back through actual Treasury figures to October 2005. Every readout updates to that date as you go. Watch the federal debt climb through the 2008 financial crisis, the 2011 and 2023 debt ceiling battles and the 2020 pandemic response, and see how the balance between public and intragovernmental debt has shifted. Let go and it stays on that date. Drag right to look up to 10 years ahead: future dates carry a red projection stamp because they are GENM estimates, not Treasury data. Choose the historical growth rate since 2005, or set your own daily borrowing pace to see when the debt would pass the current limit. Share any date with a link, or save the view as an image for a report, class or post.

Why it matters

The size and makeup of the national debt affect Treasury bond supply, interest costs in the federal budget, and the timing of debt ceiling deadlines that can move markets. The Debt Sphere gives investors, advisors, journalists, students and teachers a fast, visual way to understand those trends and check them against the original source. Every historical figure comes from the U.S. Department of the Treasury's Debt to the Penny and Daily Treasury Statement datasets. The ticking total between Treasury updates, the debt limit headroom and all future values are GENM calculations, provided for education and not as financial advice.