U.S. budget deficit for Trump’s first full month in office hits $307 billion
The deficit for the first five months of fiscal 2025 came to $1.147 trillion, up 38%, or $318 billion, from a year earlier.
U.S. budget deficit surged in February, passing $1 trillion for new year-to-date record
Government spending eased slightly on a monthly basis though it still far outpaced revenues, according to a Treasury ...
Wall Street Journal11d
The Countries Fueling America’s $1.2 Trillion Trade Deficit, in Charts
The U.S. imported $1.2 trillion more in goods in 2024 than it exported, a record annual deficit and a major economic irritant for President Trump. On Feb. 13, the president announced that his ...
Morning Call PA5d
Your View: Deficit spending has nothing but downside for the country
Peterson Foundation. Our federal government is spending considerably more each year than it brings in. As deficit spending grows so does the interest on the debt the U.S. must pay annually.
The Hill10d
No, DOGE can’t fix the deficit. Here’s why.
That means in the average year, the government spent $6.1 trillion, and $1.6 trillion of that was deficit spending. Conventional wisdom would tell us government spending looks very different under ...