US Oct.-February budget deficit hits record $1.147 trillion

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.
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.
U.S. budget deficit surged in February, passing $1 trillion for new year-to-date record
Government spending eased slightly on a monthly basis though it still far outpaced revenues, according to a Treasury Department statement Wednesday. The deficit totaled just over $307 billion for the month, nearly 2 1/2 times what it was in January and 3.7% higher than February 2024.
US budget deficit for Trump's first full month in office reaches $307 billion
The U.S. budget deficit totaled $307 billion for President Donald Trump's first full month in office, up 4%, or $11 billion, from a year ago, the Treasury Department said on Wednesday, even as growth in receipts outpaced that of spending.
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.
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.
Committee for a Responsible Federal Budget1d
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While the government did cut its outlays in February, the budget deficit for the month more than doubled compared to January ...