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Federal spending, total
Federal spending, total is $7.48T and has held roughly steady over the last 3 months. That is near the top of its range: higher than 99% of readings since 2016.
Latest (latest reading)
$7.48T
As of
Oct 2026
3-month change
+$161B
1-year change
+$365B
20-year percentile
99th
20-year median
$6.27T
What it is. All federal spending over the last 12 months. Note: the latest update failed, so this shows the last good data.
What it affects next
Federal spending, total is unusually high: $7.48T, 99th percentile of the last 20 years. Here is what has tended to follow, based on links the data backs up.
No tested downstream links to trace yet.
What is driving it
None of its tested drivers is moving much right now.
Source: Treasury Monthly Treasury Statement.