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U.S. Deficit Hits a Record $1.15 Trillion

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.

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.

Truthout3d

The GOP’s Budget Proposal Would Cut Medicaid. Most Oppose That Idea, Poll Finds.

The latest KFF poll was published as Republican lawmakers in Congress appear intent on making major spending cuts to the ...

Committee for a Responsible Federal Budget3d

House Spending Cuts Would Not Be Largest in History

The House recently adopted its Fiscal Year (FY) 2025 budget resolution, which includes reconciliation instructions allowing a net ...

New York Post on MSN17d

House GOP advances budget framework for border, energy and tax priorities for final vote

All nine GOP members of the House Rules Committee approved the blueprint to cut at least $1.5 trillion and as much as $2 trillion in government spending, while capping the total increase to the ...

Investopedia16d

Republicans Could Make History With One-Party Government Shutdown

Some Republicans are reluctant to vote for the House of Representatives' current budget proposal, which calls for cuts to ...

27d

House GOP panel passes budget blueprint with $4.5 trillion in tax cuts and steep spending reductions

The Republican-led Budget Committee approved a sweeping proposal to unlock Trump's agenda, sending it to the full House.

The U.S. National Debt: Historical Data and What It Means for Consumers

Between Congress working on the budget and discussing changes to the tax code and job cuts taking place across the federal government by the Department of Government Efficiency ...

American Enterprise Institute7d

Budgeting for Fiscal Sanity

Congress is remembered at all, it will likely be for its ineffectiveness and dysfunction, which persisted until the merciful end. In its last days, as it rushed for the exits, it put off, once again, ...

16d

With chaos in Washington and a structural deficit, Gov. Phil Murphy unveils $58.1B budget

Gov. Phil Murphy delivered his eighth and final budget address Tuesday. The $58.1 billion spending plan will include a ...

15don MSN

House Passes Budget Bill: Trump Touts ‘Big First Step’ For Mike Johnson

9:06 a.m. EST, Feb. 26 Trump said the bill’s passage is a “Big First Step Win for Speaker Mike Johnson, and AMERICA” in a ...

The Daily Herald on MSN3d

Columbia council to approve $4 million in street paving, largest in city history

Columbia City Council will vote on a $4 million street paving budget, the largest investment for paving in city history.

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