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Government & Fiscal Policy
The federal balance sheet, who staffs government, the cash flowing in and out of Treasury, the money supply, and the Fed's footprint — sourced live from the U.S. Treasury (Fiscal Data), the Federal Reserve via FRED, and BLS.
Latest data …
Federal Debt Outstanding
Total public debt, $ trillions, daily — vertical lines mark each trillion crossed
Source: U.S. Treasury — Fiscal Data, Debt to the Penny.
Source: BLS Current Employment Statistics — federal, state, local government.
Source: U.S. Treasury — Monthly Treasury Statement (outlays, receipts).
Source: Federal Reserve via FRED — M2SL.
Federal Reserve Balance Sheet
Stacked composition (Treasuries / MBS / other), $B, weekly — green lines = easing, orange = tightening
Source: Federal Reserve H.4.1 via FRED — WALCL, TREAST, WSHOMCB.
Tariff Revenue
Customs duties collected, $B, monthly — gold bands = Trump terms, gray = NBER recessions
Source: U.S. BEA NIPA customs duties via FRED; trailing-12-month sum derived in-house.
Federal Interest Expense
Annualized quarterly rate, $B — now the third-largest federal outlay
Source: BEA NIPA / Treasury — federal interest payments.
Source: Federal Reserve via FRED — GFDEGDQ188S.
Top-10% Household Assets per $1 of Federal Debt
Total assets of the top 10% of households by wealth ÷ total public debt, quarterly — gray bands = NBER recessions
Source: Federal Reserve Distributional Financial Accounts (WFRBLN09027 + WFRBLT01000) and U.S. Treasury (GFDEBTN) via FRED; ratio derived in-house.