Long Default ยท U.S. Fiscal Record
Who Owns the U.S. National Debt?
Understand debt held by the public, intragovernmental holdings, and the range of domestic and foreign holders of U.S. Treasury securities.
Source-backed fiscal history
This explainer is part of a 237-year searchable fiscal archive built from Treasury, OMB, CBO, and other cited public records.
Long Default distinguishes annual debt balances from budget flows such as receipts, outlays, deficits, and net interest. Every available record links the measure to its stated coverage and public-source context.