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National debt passes $40.5 trillion, up about $350 billion in October alone

Published
At a glance: Total federal debt stood at $40.50 trillion on Nov. 2, Treasury's daily "Debt to the Penny" figures show. · Sources: Treasury, Debt to the Penny
FACTS

Total federal debt stood at $40.50 trillion on Nov. 2, Treasury's daily "Debt to the Penny" figures show. It was $40.17 trillion on Sept. 30, so the debt grew by about $353 billion in October (to Oct. 30), after briefly topping $40.59 trillion on Oct. 29.

Since July 1, when it was $39.39 trillion, the debt is up about $1.1 trillion, close to $300 billion a month.

The Kobeissi Letter flagged the jump on X on Tuesday, putting October's increase at $422 billion. Treasury's own end-of-month figures show a smaller rise. Either way, that is more than $10 billion a day.

SOURCES

UPDATES

  1. 5:39 PM ET

    Published.