The United States Accumulated US$2.7 Trillion in Debt During Trump's Second Term First 14 Months

United States government debt has increased more rapidly in the early stages of Donald Trump’s second presidential term compared to his first term, according to data published by FiscalData.treasury.gov, the official U.S. Treasury website.

The increase is measured using the “Debt to the Penny” metric, a daily record showing total U.S. federal government debt, which comprises two main components: debt held by the public (debt held by external parties such as investors and financial institutions) and intragovernmental holdings (debt owed by the government to its own agencies and accounts).

According to the data, total U.S. government debt stood at US$36.2 trillion at the end of December 2024 and rose to approximately US$38.9 trillion by 10 March 2026. This represents an increase of around US$2.7 trillion over the first 14 months of Trump’s second term, which began on 20 January 2025. When converted at an exchange rate of approximately 16,890 rupiah per U.S. dollar, this equals roughly 45.603 trillion rupiah. On a daily basis, this translates to approximately 110 trillion rupiah in debt accumulation per day over the 414-day period.

In percentage terms, this increase represents approximately 7.45% growth compared to debt levels before Trump’s second term commenced.

The debt is distributed across several instruments, including Treasury Bills, Treasury Notes, Treasury Bonds, Treasury Inflation-Protected Securities (TIPS), Floating Rate Notes (FRNs), Federal Financing Bank securities, U.S. Savings Securities, Government Account Series (GAS), Domestic Series, Foreign Series, and State and Local Government Series (SLGS).

During Trump’s first term, which began in January 2017, debt also increased but at a slower pace. U.S. government debt stood at US$19.976 trillion in December 2016, before Trump took office, and rose to US$21.089 trillion by March 2018. This represents an increase of US$1.11 trillion over the same 14-month period, equivalent to a 5.57% increase.

The comparison reveals a significant acceleration: the debt increase during the first 14 months of Trump’s second term was approximately US$1.58 trillion larger than during the same period of his first term, indicating that the rate of debt accumulation is now proceeding considerably faster.