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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.

Miami Herald on MSN18h

Pressure Mounts as CBO Warns of Medicare, Medicaid Cuts

House Republicans are currently working to advance President Donald Trump’s agenda, focusing on tax reform and spending cuts.

Committee for a Responsible Federal Budget4d

CBO Estimates $1.1 Trillion Deficit for First Five Months of FY 2025

The United States borrowed $1.1 trillion in the first five months of Fiscal Year (FY) 2025, including $308 billion in the month of February, according to the latest ...

3don MSN

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 ...

Tuko News on MSN1d

How Nakuru-Based CBO is Transforming Fish Farming, Processing Initiative

The Nakuru-based Community Based Organisation (CBO), which started as an initiative to support Kenyan youths, deals in fish ...

Inc421d

ONDC CBO Shireesh Joshi Steps Down

Shireesh Joshi has stepped down from his role of chief business officer of ONDC after a three-and-half year stint at the ...

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 ...

Republicans can’t meet budget target without Medicaid cuts: CBO

Excluding large health insurance programs, spending under the House Energy and Commerce Committee's purview falls far short ...

The Eno Center for Transportation13d

CBO Update: Real Federal Infrastructure Spending Still Peaked in 2002

Transportation finance nerds, rejoice! The nonpartisan Congressional Budget Office updated its presentation, Public Spending ...

WTKR7d

Medicaid debate heats up as CBO warns of budget shortfalls in Trump tax plan

Republican leaders in Congress assert they do not plan to cut Medicaid, but Democrats are pushing back, claiming those ...

7don MSN

Congressional Budget Office finds House GOP budget goals would require Medicaid cuts

An analysis by the nonpartisan Congressional Budget Office showed that House GOP budget goals could not be reached without reducing spending on Medicaid.

1don MSN

Former Stripe CBO Jeanne DeWitt Grosser joins Vercel as COO

In 2004, both Jeanne DeWitt Grosser and Guillermo Rauch were obsessed with Gmail. Grosser was in her first job at Google, ...

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