INDEPENDENT NEWS AND MARKET INTELLIGENCE
BY THE NUMBERS

Debt tracker.

Compare debt added under each leader. Select a country and a name to see the figures.

UNITED STATES · TOTAL FEDERAL DEBTUSD 40.30 trillion
Treasury ↗

As of 2026-10-09 · Gross federal debt, including government-held debt.

CANADA · FEDERAL DEBTCAD 1.27 trillion
Finance Canada ↗

As of 2025-03-31 · Accumulated deficit; excludes provincial debt.

Amounts as originally reported
PRESIDENT · 2017–2021 & 2025–present · PARTIAL RECORD

Donald Trump

Gross federal debt · USD

3 / 4
DEBT ADDED · BOTH TERMS+USD 11.90 trillion2017–2021 and 2025–present · latest debt observation 2026-10-09
See each term’s figures
FIRST TERMUSD 7.80 trillion2017-01-20 → 2021-01-20
SECOND TERM SO FARUSD 4.09 trillion2025-01-17 → 2026-10-09

Combined debt additions across the two terms. The years between terms are excluded. The current term runs through the latest Treasury observation shown below.

Share Donald Trump’s debt record
PUBLIC ACCOUNTS

Where the money went.

Official tables ↗

Donald Trump · Both terms

Total spending in shown yearsFY 2018, FY 2019, FY 2020

Revenue pays for much of this spending. The chart shows spending categories, not debt added.

Second-term full-year spending is not loaded. The debt figure above is more current.

Year options
SpendingUSD 15.07 trillionTotal for shown years
RevenueUSD 10.21 trillionTotal for shown years
DeficitUSD 4.86 trillionTotal for shown years
Interest on debtUSD 1.05 trillion6.9% of spending
TOTAL SPENDING2018–2020

Chart shows positive categories; offsets are listed separately.

Share this spending breakdown

Total for shown years · Original reported dollars.

Coverage and comparison notes

OMB Historical Tables, FY 2027 · actuals through FY 2025. Checked 2026-10-13. Actual accounts loaded through FY 2025; newer years will appear when verified accounts are added. Trump’s two periods are combined without including fiscal years wholly within Biden’s term. Transition years can overlap leaders and are labelled shared; totals must not be added across leaders.

Spending is not debt added: revenue pays for much of it, and debt balances also change for other financial and accounting reasons. U.S. figures are cash outlays; Canadian figures are accrual expenses. Interest is U.S. net interest or Canadian gross public debt charges. Compare leaders within one country. Source revisions and rounding can affect totals.

Compare the record.

Definitions, dates and limitations

U.S. cards use total public debt outstanding from Treasury’s daily series, with the latest available business-day observation on or before each inauguration. The current administration uses the latest loaded observation; it is an unfinished term. A daily Treasury update is checked when this page is visited, at most once per day. A failed check keeps the dated snapshot.

Canadian cards use accumulated deficit, not gross debt. We compare the first March 31 after taking office with the final March 31 before leaving office. This includes only complete fiscal years within that window and excludes transition years. Paul Martin therefore has a short measured window. Kim Campbell has no such full-year interval and is omitted. The loaded 2025 publication does not yet provide a full interval for Mark Carney. Historical revisions are retained from this single publication.

The countries use different debt measures and currencies. These charts compare leaders within a country; they do not rank Canada against the U.S. Original dollars show nominal debt changes. Inflation-adjusted mode converts each term’s net addition using the ratio of the latest national all-items CPI to its ending-month CPI. It is an approximate purchasing-power comparison, not a reconstruction of when each dollar was borrowed or spent. For the unfinished current term, the latest available CPI is used; future CPI values are never projected. Trump’s combined dollar change adds his separate terms and excludes the intervening Biden administration. Its percentage divides that combined change by his first term’s starting debt; measured years also exclude the gap. Percentage changes depend on the starting debt and the length of the measured window. Congress, Parliament, budgets, inherited commitments and economic events also matter. A debt change during a tenure is not a causal accounting of a leader’s decisions.

GDP ratios are included for Canada at the source’s annual endpoints. The U.S. daily comparison does not mix in a quarterly GDP ratio. European and Asian comparisons will require separately documented country measures.