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National Debt

The total amount of money that the U.S. government owes to various creditors, including individuals, businesses, and other countries.

Treasury Securities

Debt instruments, such as bonds, notes, and bills, issued by the U.S. Department of the Treasury to finance the government's borrowing needs.

Oil and Gas Lease Sale

A process where the government auctions off rights to explore for and produce oil and natural gas on federal lands or offshore waters.

Royalties

Payments made to the owner of a resource (in this case, the U.S. government) for the right to extract and sell that resource, typically a percentage of the revenue generated.

Fiscal Quarter

A three-month period within a financial year, used for budgeting and reporting. The U.S. government's fiscal year starts on October 1st.

Miscellaneous Receipts

Funds received by the government from sources other than taxes, often from fines, fees, or sale of government property.

Principal (of Federal Debt)

The original amount of money borrowed by the government, not including any interest that accrues.