The Hill
The national debt topped the entire gross domestic product (GDP) for fiscal 2026, according to new data from the Bureau of Economic Analysis (BEA).
From the fourth quarter of 2025 through the third quarter of this year, the country’s economic output was more than $32.2 trillion, according to the BEA’s non-seasonally adjusted statistics.
As of Sept. 30, the final day of the third quarter, debt held by the public was more than $32.4 trillion, per the Treasury Department. Debt held by the public is what the federal government owes to outside entities, including banks, state and local governments and foreign nations.
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