Federal budget deficit hits record $1.1T in first 5 months of fiscal year
New data from the Treasury Department shows the federal deficit is $318 billion larger in the first five months of fiscal year 2025 compared with the last fiscal year.
US October-February budget deficit hits record $1.147 trillion
The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said on Wednesday, including a $307 billion February deficit for President Donald Trump's first full month in office that was up 4% from a year earlier.
U.S. budget deficit soars past $1.1T as spending outpaces revenue
WASHINGTON >> The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said today, including a $307 billion February deficit for President Donald Trump’s first full month in office that was up 4% from a year earlier.
U.S. budget deficit surged in February, passing $1 trillion for year-to-date record
The U.S. debt and deficit problem worsened during President Donald Trump's first month in office, as the budget shortfall for February passed the $1 trillion mark even though the fiscal year is not yet at the halfway point.
US budget deficit for Trump's first full month in office reaches $307 billion
The U.S. budget deficit totaled $307 billion for President Donald Trump's first full month in office, up 4%, or $11 billion, from a year ago, the Treasury Department said on Wednesday, even as growth in receipts outpaced that of spending.
Musk wields Doge chainsaw, but Trump administration’s federal spending reaches record high
Musk’s Doge has been touting more than $100 billion in savings. However, even after laying off thousands of federal workers ...
PolitiFact breaks down federal spending, house budget cuts under second Trump administration
PolitiFact's Lou Jacobson discusses the challenges faced by the Department of Government Efficiency (DOGE) in cutting $1 ...
Musk’s cuts fail to stop record US spending
US federal government spending rose to $953 billion in February despite DOGE’s hyperactive efficiency drive, data shows.
Feds borrow $8 billion per day, CBO says
The U.S. The Congressional Budget Office released new data showing that in the first five months of this fiscal year, the U.S ...
Federal Government Layoffs Tracker 2025: Latest DOGE Cuts So Far
The U.S. federal government is facing mass layoffs in 2025, driven by DOGE and impacting multiple agencies. Check back daily for regular updates.
Marketplace6d
Federal workers’ salaries represent less than 5% of federal spending and 1% of GDP
That’s 1% of gross domestic product, and almost 5% of total federal spending. The government payroll for other developed ...
The Washington Post3d
GOP spending bill would lead to $1 billion in D.C. cuts, city officials say
Under a stopgap funding bill — called a continuing resolution — federal agencies must keep spending at the previous year’s levels, or in this case, 2024, until Congress passes new ...
Financial Advisor6d
Without Federal Spending, What's Left Of U.S. GDP Growth?
Musk’s DOGE has so far had no noticeable impact on overall federal spending, which has been rising faster so far this year than it did in early 2023 and 2024, according to a Yale Budget Lab ...
Mississippi gets more federal funds than it pays in taxes. Here's what that money gets you
Ever wonder how much Mississippi sends to the federal government in taxes vs. how much residents get back? Here's what we ...
Elon Musk’s cuts fail to stop US federal spending hitting new record
Elon Musk’s hyperactive efficiency drive failed to prevent US federal spending rising to a record $603bn last month, new Treasury data has revealed, highlighting the Trump administration’s difficulty ...