U.S. Deficit Hits a Record $1.15 Trillion Dollars
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.
Washington is spending more of your money than ever — far above the rate of price increases over the past quarter-century.
Speaker Johnson and Rep. Arrington were able to unite the House Republicans in passing the budget resolution, including a ...
That’s 1% of gross domestic product, and almost 5% of total federal spending. The government payroll for other developed ...
Hosted on MSN1mon
Are US taxes too high or too low? Choose your chartThe gap between US federal spending and tax revenue is currently ... but spending was 23.4% compared with an average of 19.8%. 117487911 A chart like this (which I originally made last month ...
Expunging all government spending from GDP is another matter, as most federal spending in the U.S ... from GDP growth and see where that leaves us. A big gap opens up between the two lines ...
Consumer and business sentiment is wobbling as fiscal support fades and tariff fears rise. Read more at straitstimes.com.
while revenues as a percent of GDP were close to their historic average (see chart) The main concern is that the federal budget deficit has swelled. It exceeded 6% of GDP in 2024, roughly twice ...
The key thing, as Yves notes, is that the chart includes state and local infrastructure spending ... But there wasn't the political will at the Federal Government (which had the capability ...
Investors are questioning the US growth prospects as big cuts to federal spending and employment loom. A stock decline sparked by weak economic data last week gave investors a taste of what a ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback