U.S. Federal Budget - Search News

U.S. budget deficit soars past $1.1T

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.

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.

Trump, Federal and agencies

Reuters on MSN · 7h

US agencies face Thursday deadline to submit mass layoff plans

The potential scale of President Donald Trump's efforts to shrink the U.S. federal government could become clearer on Thursday, the deadline for government agencies to submit plans for a second wave of mass layoffs and to slash their budgets.

USA TODAY on MSN · 7h

Federal agencies owe Trump their layoffs plans today. How quickly will cuts come?

Thursday is the deadline for federal agencies to provide their plans for mass federal employee layoffs to President Donald Trump.

FOX News on MSN · 10h

Deadline looms for federal agencies to submit mass layoff plans as Trump admin guts 'bloated' workforce

Federal agencies have until Thursday to submit reduction-in-force plans that detail employee terminations as part of the Trump admin's pledge to streamline the government.

Elon Musk is a ‘hero’ for DOGE

Cryptopolitan on MSN · 22h

Elon Musk’s D.O.G.E fails to stop US federal spending from hitting all-time highs

US federal spending just hit a record $603 billion in February, in spite of Elon Musk’s Department of Government Efficiency (D.O.G.E) tearing through

Newsweek on MSN · 1d

Elon Musk's DOGE Cuts Fail to Stop US Spending From Hitting Record

Overall government spending reportedly rose by $40 billion, a 7 percent increase compared to the same month last year.

Business Insider on MSN · 23h

Elon Musk must turn over records and answer questions on what he's doing at DOGE, judge orders

A federal judge ordered Elon Musk and the Department of Government Efficiency, or DOGE, to hand over documents and answer questions about their plans to trim federal agencies. US District Judge Tanya Chutkan said in her order on Wednesday that Musk and DOGE have to comply with the discovery request in three weeks.

11hon MSN

Team Trump is spending $200 million on ad campaign so migrants deport themselves - as the federal budget is hacked

Team Trump is spending $200 million on ad campaign so migrants deport themselves - as the federal budget is hacked - The ...

USA Today9d

House passes Arrington's Trump-endorsed federal budget resolution, awaits Senate approval

U.S. Rep. Jodey Arrington's federal budget, already endorsed by President Donald Trump, has moved on to the Senate ...

1hon MSN

Federal worker layoffs reach 250,000 as large-scale layoffs and budget cut deadline looms

The job cuts so far have trickled out from both official and unofficial sources, and been marked by missteps including ...

5hon MSN

What happens to Social Security, TSA and other programs if the federal government shuts down?

Hundreds of thousands of federal workers are on edge as the Senate struggles to reach a deal ahead of Friday night's looming ...

7hon MSN

Padilla, Schiff to vote against GOP’s stopgap budget measure as possible shutdown looms

California Democratic Sens. Alex Padilla and Adam Schiff say they will vote against a budget measure aimed at funding the ...

3hon MSN

Mass. budget observers warn against ‘preemptive panic’ amid federal funding threats

Massachusetts budget observers and key lawmakers are cautioning against panic and rash decisions amid threats to federal ...

7don MSN

Why US federal agency spending has outpaced inflation — despite headcounts dropping billions fly out the door

Washington is spending more of your money than ever — far above the rate of price increases over the past quarter-century.

New Scientist on MSN8h

NASA may have to cancel major space missions due to budget cuts

Potential cuts of up to 50 per cent of NASA's science budget could mean cancelling missions including the Hubble Space Telescope and the Voyager probes ...

6hon MSN

White House to fight ruling ordering Trump to rehire fired federal workers

The White House says it plans to fight a ruling by a federal judge ordering the administration to immediately reinstate thousands of probationary federal workers fired amid President Donald Trump‘s ...

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