US National Debt Hits All-Time High of $39.5 Trillion in July 2026

The U.S. national debt reached an all-time high of $39.5 trillion in July 2026, according to Treasury tracking. Publicly held federal debt has surpassed 100% of GDP for the first time since World War II, having crossed the $39 trillion threshold in April and added roughly $400 billion over three months.

Net interest costs are projected to reach approximately $1.04 trillion in fiscal 2026, consuming roughly 14% of federal spending. The federal deficit is trending toward $2 trillion for fiscal 2026, with the Treasury having borrowed about $1.4 trillion during the first nine months of the fiscal year.