Federal Tax Revenue Vs. Spending

U.S. Deficit Hits a Record $1.15 Trillion Dollars

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.

Reuters on MSN · 1d

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.

Fast Company · 1d

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.

Honolulu Star-Advertiser · 1d

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.

Barron's on MSN · 1d

U.S. Deficit Hits a Record $1.15 Trillion Over 5 Months

Data disclosed by the Treasury Department showed an adjusted gap between federal spending and revenue of $1.063 trillion for October through February.

GOBankingRates on MSN1d

Trump Wants To Eliminate Income Taxes: 7 Ways That Could Impact Your Job Search in 2025

It sounds wonderful -- no more income taxes sapping your paycheck. And it could be, depending on what replaced them.

The Fiscal Outlook: A Federal Budget Projection

Explore three budget scenarios, including tax policy impacts and AI-driven productivity gains. Click here to read what ...

11d

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 ...

11d

Congressman's take on balancing federal budget vs. tax cuts

Hendersonville, is in a powerful position when it comes to determining the financial future of the nation. He's on both the ...

The Washington Post1d

D.C.’s revenue forecast takes $1 billion turn after Trump’s federal job cuts

With a spike in unemployment at the District’s largest employer, ripple effects could further hit private employers that rely ...

10d

Education Spending In The Crosshairs Of Federal Budget Reconciliation

Recent developments in Washington regarding budget reconciliation indicate potential significant impacts on education ...

Tampa Bay Times13d

What to know about federal spending as DOGE, Elon Musk look for cuts

Combined with interest, those categories of federal spending collectively account for nearly ... One issue is that ...

7don MSN

State projects $280M reduction in revenue: 'A worst-case scenario has developed'

Maryland’s current and future revenue projections are lower than anticipated amid federal workforce layoffs and federal ...

Is an income tax hike in RI's future? Here's what lawmakers told state's business leaders

House Speaker K. Joseph Shekarchi told a Chamber of Commerce audience that much depends on whether Congress slashes Medicaid and Medicare spending.

The Atlanta Journal-Constitution2d

Georgia lawmakers craft state budget amid looming federal cuts

Georgia officials are moving ahead with plans to increase spending and cut taxes even as the Trump administration moves to make massive cuts to the federal government.

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