National Deficit | U.S. Treasury Fiscal Data
A budget deficit occurs when money going out (spending) exceeds money coming in (revenue) during a defined period. In FY 0, the federal government spent $ trillion and collected $ trillion in revenue, resulting in a deficit. The amount by which spending exceeds revenue, $ trillion in 0, is referred to as deficit spending.
U.S. budget deficit surged in February, passing $1 trillion for year …
5 days ago · The U.S. debt and deficit problem worsened during President Donald Trump's first month in office.
US October-February budget deficit hits record $1.147 trillion
5 days ago · 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 ...
U.S. deficit tops $1.8 trillion in 2024 - CNBC
Oct 18, 2024 · Government debt has swelled to $35.7 trillion, an increase of $2.3 trillion from the end of fiscal 2023. One aggravating factor for the debt and deficit picture has been high …
US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on ...
Oct 18, 2024 · The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the federal debt exceeded $1 trillion for the first time and spending grew...
Treasury Confirms Calendar Year 2024 Deficit Tops $2.0 Trillion
Jan 14, 2025 · The Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $2.0 trillion in calendar year 2024, $711 billion in the first three months of fiscal year 2025, and $87 billion in December. Read our full analysis of the 12-month rolling deficit here.
Congressional Budget Office Updates Baseline: Deficit Totals to …
Jan 21, 2025 · CBO now projects that deficit spending for FY25 will reach a staggering $1.9 trillion, the third-highest figure in American history. The FY 2025 deficit amounts to 6.2 percent of GDP (the 50-year average is 3.8 percent).
Deficit Tracker - Bipartisan Policy Center
Feb 18, 2024 · The federal government ran a deficit of $2.8 trillion in fiscal year 2021, the difference between $4.0 trillion in revenues and $6.8 trillion in spending. This deficit was 12% lower ($362 billion less) than in fiscal year 2020, due …
U.S. Budget Deficit Rises to $1.8 Trillion in 2024
Oct 8, 2024 · America’s federal budget deficit rose to $1.8 trillion in the 2024 fiscal year, reaching the highest level in three years, according to new Congressional Budget Office estimates released on...
CBO Estimates $1.1 Trillion Deficit for First Five Months of FY 2025
Mar 10, 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 Monthly Budget Review from the Congressional Budget Office.. The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget: