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.
US budget gap hits $1.1T record in first five months of fiscal year
The still-expanding deficit poses a potential wrinkle for efforts to extend and expand the 2017 Trump tax cut package.
US Fiscal Deficit Hits Record High Amid Unchecked Spending and Tariff Effects
The U.S. budget deficit has soared to a record $1.147 trillion for the first five months of fiscal 2025. This increase is attributed to rising outlays for debt interest, Social Security, and healthcare,
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.
US budget deficit hits record $US1.147 trillion
The US budget deficit for the first five months of fiscal 2025 hit a record $US1.147 trillion ($A1.814 trillion), the Treasury Department says, including a $US307 billion February deficit for President Donald Trump's first full month in office that was up four per cent from a year earlier.
U.S. Budget Deficit Surges as Spending Outpaces Receipts in Trump's First Month
The U.S. budget deficit in February, President Trump's first full month, was $307 billion, a 4% increase. Despite record receipts, higher spending led by interest on public debt, Child Tax Credit, and Social Security payments drove the deficit up,
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.
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.
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