{
  "meta": {
    "name": "America.Inc \u2014 U.S. Federal Financial Data API",
    "version": "2.1",
    "updated": "2026-05-10",
    "url": "https://america.inc",
    "license": "CC0 1.0 Universal (Public Domain)",
    "description": "Complete U.S. federal fiscal dataset with 237 years of historical data, real-time debt metrics, fiscal reality check ratios, S&P 500, Buffett Indicator, VIX, yield curves, debt holders, maturity profile, DOGE savings, scenario modeling, and risk analysis.",
    "sections": 32
  },
  "current": {
    "nationalDebt": {
      "value": 38931651718802,
      "unit": "USD",
      "asOf": "2026-05-07",
      "dailyIncrease": 6120000000
    },
    "debtHeldByPublic": {
      "value": 31262325604447,
      "unit": "USD"
    },
    "intragovernmentalDebt": {
      "value": 7669326114354,
      "unit": "USD"
    },
    "gdp": {
      "value": 31900000000000,
      "unit": "USD",
      "realGrowth": 0.5
    },
    "revenue": {
      "value": 5200000000000,
      "unit": "USD",
      "yoyGrowth": 6.0
    },
    "spending": {
      "value": 7000000000000,
      "unit": "USD",
      "yoyGrowth": 4.0
    },
    "deficit": {
      "value": -1800000000000,
      "unit": "USD"
    },
    "debtToGdp": 98.0,
    "creditRating": {
      "moodys": "Aa1",
      "sp": "AA+",
      "fitch": "AA+"
    },
    "inflation": 3.3,
    "unemployment": 4.3,
    "fedFundsRate": 3.63,
    "tradeBalance": {
      "value": -723700000000,
      "unit": "USD"
    },
    "interestOnDebt": {
      "value": 981000000000,
      "unit": "USD",
      "pctOfRevenue": 18.9
    },
    "weightedAvgRate": 3.355,
    "population": 341800000,
    "verifiedAgainst": {
      "treasuryDebtToPenny": "2026-05-07",
      "refreshedAt": "2026-05-10"
    },
    "debtPerCitizen": 113902,
    "debtPerHousehold": 296641,
    "debtPerTaxpayer": 238509,
    "dogeSavings": {
      "total": 199000000000,
      "perTaxpayer": 1236
    },
    "grossDebtToGdp": 122.0
  },
  "yieldCurve": {
    "date": "2026-05-10",
    "rates": {
      "1M": 3.72,
      "2M": 3.71,
      "3M": 3.69,
      "6M": 3.74,
      "1Y": 3.76,
      "2Y": 3.92,
      "3Y": 3.94,
      "5Y": 4.04,
      "7Y": 4.22,
      "10Y": 4.41,
      "20Y": 4.96,
      "30Y": 4.97
    },
    "oneYearAgo": {
      "1M": 4.37,
      "2M": 4.36,
      "3M": 4.34,
      "6M": 4.28,
      "1Y": 4.05,
      "2Y": 3.88,
      "3Y": 3.85,
      "5Y": 4.0,
      "7Y": 4.18,
      "10Y": 4.37,
      "20Y": 4.86,
      "30Y": 4.83
    }
  },
  "debtHolders": {
    "foreign": [
      {
        "country": "Japan",
        "holdings_B": 1186
      },
      {
        "country": "United Kingdom",
        "holdings_B": 866
      },
      {
        "country": "China",
        "holdings_B": 684
      },
      {
        "country": "Belgium",
        "holdings_B": 477
      },
      {
        "country": "Canada",
        "holdings_B": 468
      },
      {
        "country": "Luxembourg",
        "holdings_B": 435
      },
      {
        "country": "Cayman Islands",
        "holdings_B": 421
      },
      {
        "country": "France",
        "holdings_B": 369
      },
      {
        "country": "Ireland",
        "holdings_B": 341
      },
      {
        "country": "Taiwan",
        "holdings_B": 311
      }
    ],
    "domestic": [
      {
        "holder": "Federal Reserve",
        "holdings_B": 4200
      },
      {
        "holder": "Mutual Funds",
        "holdings_B": 3100
      },
      {
        "holder": "State & Local Govts",
        "holdings_B": 1600
      },
      {
        "holder": "Pension Funds",
        "holdings_B": 1400
      },
      {
        "holder": "Banks",
        "holdings_B": 1200
      },
      {
        "holder": "Insurance Companies",
        "holdings_B": 400
      }
    ],
    "totalForeign_B": 9355
  },
  "debtMaturity": {
    "bills_pct": 22,
    "notes_pct": 52,
    "bonds_pct": 17,
    "tips_pct": 7,
    "frn_pct": 2,
    "avgMaturityMonths": 71,
    "annualRollover_T": 9.2
  },
  "scenarioModeling": {
    "baseline2035": 118,
    "highRates2035": 153,
    "lowGrowth2035": 152,
    "austerity2035": 105
  },
  "riskFactors": [
    {
      "title": "Interest Expense Spiral",
      "severity": "critical"
    },
    {
      "title": "Entitlement Insolvency",
      "severity": "critical"
    },
    {
      "title": "Demographic Headwinds",
      "severity": "high"
    },
    {
      "title": "Sovereign Credit Deterioration",
      "severity": "high"
    },
    {
      "title": "Dollar Reserve Status Erosion",
      "severity": "moderate"
    },
    {
      "title": "Refinancing / Maturity Wall",
      "severity": "high"
    },
    {
      "title": "Climate & Disaster Costs",
      "severity": "moderate"
    },
    {
      "title": "Healthcare Cost Growth",
      "severity": "high"
    }
  ],
  "sources": [
    "U.S. Bureau of Economic Analysis (BEA)",
    "Congressional Budget Office (CBO)",
    "U.S. Treasury / Fiscal Data",
    "Federal Reserve (FRED)",
    "Bureau of Labor Statistics",
    "U.S. Census Bureau",
    "Moody's Ratings",
    "S&P Global",
    "Fitch Ratings",
    "IMF World Economic Outlook",
    "SSA Trustees Report 2025",
    "OMB Historical Tables",
    "MeasuringWorth",
    "Treasury International Capital (TIC)",
    "DOGE.gov",
    "Joint Economic Committee"
  ],
  "stockMarket": {
    "sp500": 7398.93,
    "sp500Change": 61.82,
    "sp500ChangePct": 0.84,
    "sp500Ytd": 7.9,
    "sp500High52w": 7398.9,
    "sp500Low52w": 5802.8,
    "vix": 17.08,
    "totalMarketCap": 135.0,
    "buffettIndicator": 423,
    "date": "2026-05-10"
  },
  "consumerHealth": {
    "sentiment": 56.4,
    "sentimentPrior": 52.9,
    "savingsRate": 4.5,
    "savingsRatePrior": 4.0,
    "debtServiceRatio": 11.26,
    "consumerCredit": 5.11,
    "mortgageRate": 6.11,
    "asOf": "January 2026",
    "source": "FRED UMCSENT, PSAVERT, TDSP, TOTALSL"
  },
  "moneySupply": {
    "m2": 22.44,
    "m2ToGdp": 71,
    "m2YoY": 0.3,
    "unit": "trillions",
    "asOf": "January 2026",
    "source": "FRED M2SL"
  },
  "housing": {
    "medianHomePrice": 405.3,
    "medianHomePriceUnit": "thousands",
    "mortgageRate30Y": 6.11,
    "housingStartsSAAR": 1487,
    "asOf": "Q4 2025 / March 2026",
    "source": "FRED MSPUS, HOUST, MORTGAGE30US"
  },
  "strategicReserves": {
    "totalMarketValue": 1623.9,
    "physicalStrategicTotal": 1378.7,
    "officialTotal": 256.2,
    "totalUnit": "billions",
    "gold": {
      "troyOunces": 261500000,
      "bookValuePerOz": 42.22,
      "marketPricePerOz": 5064,
      "bookValue": 11.04,
      "marketValue": 1324.3,
      "unit": "billions",
      "rank": 1,
      "source": "U.S. Treasury, FRED WGCAL"
    },
    "bitcoin": {
      "totalBtc": 207189,
      "totalBtcRange": [
        198000,
        328372
      ],
      "pricePerBtc": 72953,
      "marketValue": 15.1,
      "marketValueRange": [
        14.4,
        24.0
      ],
      "unit": "billions",
      "executiveOrder": "March 6, 2025",
      "digitalAssetStockpile": true,
      "source": "Executive Order, FRED CBBTCUSD"
    },
    "spr": {
      "barrels": 415000000,
      "pendingRelease": 172000000,
      "afterRelease": 243000000,
      "peakBarrels": 727000000,
      "capacityBarrels": 714000000,
      "oilPricePerBarrel": 94.65,
      "currentValue": 39.3,
      "afterReleaseValue": 23.0,
      "unit": "billions",
      "source": "DOE, EIA, FRED DCOILWTICO"
    },
    "officialReserves": {
      "sdrs": 174.8,
      "imfReservePosition": 31.2,
      "foreignCurrencies": 39.2,
      "goldBookValue": 11.04,
      "officialTotal": 256.2,
      "unit": "billions",
      "asOf": "January 2026",
      "source": "Federal Reserve Table 3.12, https://www.federalreserve.gov/data/intlsumm/current.htm"
    }
  },
  "indicatorFramework": {
    "leading": [
      "Consumer Sentiment",
      "Housing Starts",
      "Yield Curve",
      "S&P 500",
      "M2 Money Supply"
    ],
    "coincident": [
      "GDP",
      "Trade Balance",
      "Personal Savings Rate"
    ],
    "lagging": [
      "Unemployment",
      "Inflation (CPI)",
      "Fed Funds Rate",
      "Consumer Credit",
      "Debt Service Ratio"
    ]
  },
  "valuation": {
    "asOf": "Q3 2025",
    "source": "Fed Z.1 Flow of Funds, Treasury FiscalData, Treasury Financial Report FY2024",
    "approaches": {
      "nationalNetWorth": {
        "label": "National Net Worth",
        "value_trillions": 142.7,
        "formula": "Household Net Worth - Federal Debt",
        "components": {
          "householdNetWorth_T": 181.6,
          "federalDebt_T": -38.9
        }
      },
      "enterpriseValue": {
        "label": "Enterprise Value",
        "value_trillions": 164.1,
        "formula": "Market Cap + Federal Debt - Gov't Assets",
        "components": {
          "totalMarketCap_T": 131.9,
          "netFederalDebt_T": 33.2
        }
      },
      "compositeBalanceSheet": {
        "label": "Composite Balance Sheet",
        "value_trillions": 183.7,
        "formula": "HH Net Worth + Corp Net Worth + Gov't Net Assets",
        "components": {
          "householdNetWorth_T": 181.6,
          "corporateNetWorth_T": 35.3,
          "govtNetAssets_T": -33.2
        }
      }
    },
    "keyRatios": {
      "netWorthToGdp": 4.5,
      "evToGdp": 5.2,
      "netWorthPerCitizen_K": 417,
      "debtAsPercentOfNetWorth": 21.4
    },
    "underlyingData": {
      "householdAssets_T": 202.8,
      "householdLiabilities_T": 21.2,
      "householdNetWorth_T": 181.6,
      "corporateNetWorth_T": 35.3,
      "corporateFinancialAssets_T": 35.3,
      "corporateLiabilities_T": 30.7,
      "totalMarketCap_T": 131.9,
      "federalGovtAssets_T": 5.7,
      "federalDebt_T": 38.9,
      "gdp_T": 31.4
    }
  },
  "fiscalRealityCheck": {
    "description": "Headwinds vs. tailwinds \u2014 six contextual ratio cards making fiscal data tangible",
    "comparisons": [
      {
        "name": "DOGE Savings vs. Debt Service Cost",
        "metric": "20.3% covered",
        "detail": "DOGE savings ($199B) cover roughly 1/5th of the annual debt service cost ($981B)"
      },
      {
        "name": "Bitcoin Reserve vs. Debt Growth",
        "metric": "~2.5 days of debt",
        "detail": "Entire Strategic Bitcoin Reserve ($15.1B) equals ~2.5 days of national debt accumulation at $6.12B/day"
      },
      {
        "name": "Debt Cost vs. Defense Budget",
        "metric": "110.7% of defense",
        "detail": "Interest on the debt ($981B) now exceeds the entire defense budget ($886B)"
      },
      {
        "name": "Operating Margin",
        "metric": "-34.6%",
        "detail": "For every dollar of revenue, management spends $1.35. The $1.8T deficit represents a 35% operating loss relative to revenue"
      },
      {
        "name": "Pension Crisis Countdown",
        "metric": "6 years until depletion",
        "detail": "Social Security trust fund depletes by 2032. After that, benefits drop to 77% of promised amounts"
      },
      {
        "name": "Enterprise Value vs. Debt",
        "metric": "4.7x coverage",
        "detail": "National net worth ($181.6T) covers the debt 4.7x over. The assets are there \u2014 the problem is operational cash flow"
      }
    ],
    "sources": [
      "FRED",
      "Treasury FiscalData",
      "SSA Trustees Report 2025",
      "DOGE.gov",
      "BEA Flow of Funds"
    ]
  },
  "sectionRenames": {
    "note": "Dashboard uses corporate-style section names with GOV tooltip badges showing official names",
    "renames": {
      "CBO 10-Year Projections": "Management's 10-Year Guidance",
      "Trust Fund Solvency": "Pension & Benefits Solvency",
      "Peer Country Debt-to-GDP": "Competitor Benchmarking",
      "Net Interest on Public Debt": "Debt Service Cost",
      "Leading Economic Indicators": "Indicator Analysis Framework",
      "Quarterly Earnings Summary": "Quarterly Earnings Summary"
    }
  },
  "weeklyBrief": {
    "weekOf": "2026-05-04",
    "lastUpdated": "2026-05-10",
    "recentReleases": [
      {
        "date": "2026-05-08",
        "label": "S&P 500",
        "value": "7,399",
        "source": "FRED",
        "category": "market"
      },
      {
        "date": "2026-05-07",
        "label": "Treasury Debt (May 10)",
        "value": "$38.9T",
        "source": "Treasury FiscalData",
        "category": "fiscal"
      },
      {
        "date": "2026-05-07",
        "label": "Fed Funds Rate",
        "value": "3.63%",
        "source": "Federal Reserve",
        "category": "rates"
      },
      {
        "date": "2026-05-07",
        "label": "10-Year Treasury Yield",
        "value": "4.41%",
        "source": "FRED",
        "category": "rates"
      },
      {
        "date": "2026-04-01",
        "label": "Unemployment Rate",
        "value": "4.3%",
        "source": "BLS",
        "category": "jobs"
      },
      {
        "date": "2026-03-01",
        "label": "CPI (YoY)",
        "value": "3.3%",
        "source": "BLS",
        "category": "inflation"
      },
      {
        "date": "2026-03-01",
        "label": "Trade Balance (Monthly)",
        "value": "$-60B",
        "source": "Census Bureau",
        "category": "trade"
      },
      {
        "date": "2026-01-01",
        "label": "Real GDP Growth",
        "value": "0.5%",
        "source": "BEA",
        "category": "growth"
      }
    ]
  }
}