US HOUSEHOLD PULSE
THE UNITED STATES ECONOMY,
FROM THE HOUSEHOLD INWARD
LATEST OFFICIAL DATA
U.S. DEBT $40.03T◆ DEBT / GDP 123.6%◆ REVENUE / SEC $165,932◆ SPENDING / SEC $222,169◆ DEFICIT / SEC $56,236◆ INTEREST / SEC $30,740◆ 10Y TREASURY 4.71%◆ 30Y TREASURY 4.95%◆ DEBT / PERSON $116,775◆ DEBT / HOUSEHOLD $303,279◆
THE FEDERAL BUDGET

Where does the
federal dollar go?

Follow federal receipts into programs, interest and other outlays—and see how the difference becomes the deficit.

OFFICIAL DATATREASURY / OMBFISCAL-YEAR BASIS
FY 2025 FEDERAL BUDGETOFFICIAL TREASURY TOTALS
OUTLAYS—
RECEIPTS —DEFICIT —
RECEIPTS COVERED—
REVENUE / SEC —→SPENDING / SEC —→DEFICIT / SEC —
ESTIMATED SPENDING TODAY—PACE ESTIMATE FROM FY2025 OUTLAYS
THE FEDERAL BUDGET · IN ONE VIEWLATEST COMPLETED FISCAL YEAR / LATEST OFFICIAL TOTALS
RECEIPTS—MONEY IN
OUTLAYS—MONEY OUT
DEFICIT—FINANCED BY BORROWING
HOW EACH $1 OF SPENDING WAS FINANCED—
FEDERAL RECEIPTS

Where the money comes from.

Official FY 2025 Treasury receipts by source, shown as dollars and share of total receipts.

FEDERAL OUTLAYS

Where federal spending goes.

Official FY 2025 Treasury outlays by function, ranked from largest to smallest.

BUDGET STRUCTURE

Mandatory. Discretionary. Interest.

Not every federal dollar is decided through the annual appropriations process.

DISCRETIONARY DETAILDefense—
DISCRETIONARY DETAILNon-defense—
THE FEDERAL DOLLAR

One dollar in. More than one dollar out.

A compact translation of the federal cash flow.

$1.00 RECEIVED$1.00FEDERAL RECEIPTS
→
SPENT—OUTLAYS PER $1 RECEIVED
→
BORROWED—DEFICIT PER $1 RECEIVED
FEDERAL BUDGET HISTORY · RECEIPTS, OUTLAYS & DEFICIT · 1789–2025

Receipts, outlays and the deficit.

OMB Table 1.1 context from 1789; annual observations begin in 1901. Administration bands are historical context, not attribution.

RECEIPTS · OUTLAYS · DEFICIT GAP · $ TRILLIONSOMB TABLE 1.1 · 1789–1900 AGGREGATES · ANNUAL FROM 1901
OMB history begins in 1789. The 1789–1849 and 1850–1900 values are historical aggregate periods; annual observations begin in 1901. Presidential terms are context, not attribution.
WHAT CHANGED

Which categories are driving spending growth?

Largest FY 2025 increases from the same Treasury function table, compared with FY 2024.

THE COST OF INTEREST

Interest connects the budget back to the debt.

Higher accumulated debt and borrowing costs feed back into future federal outlays.

NET INTEREST / YEAR—
NET INTEREST / DAY—
SHARE OF OUTLAYS—
FROM BUDGET TO DEBT
RECEIPTS→OUTLAYS→DEFICIT→BORROWING→FEDERAL DEBT→INTEREST
CONTINUE TO FISCAL CLOCK →
UNITED STATES ECONOMIC DATA

U.S. debt, household finances and the cost of money — in one view.

US Household Pulse combines official public data into three complementary views. The Household view follows personal saving and household pressure. Federal Budget follows receipts, outlays, spending functions and the deficit. Fiscal Clock follows the national debt, debt ratios, interest expense and Treasury yields.

The debt clock starts from the latest official Treasury observation and animates only during the current session. Derived population and household measures are labeled separately from observed government data, with source dates retained.