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

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.
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.
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 deficit sets record with $1.1 trillion in first five months of fiscal year 2025
The new numbers, released Wednesday, showed the deficit between October 2024, and February 2025. The deficit for February alone was $307 billion.
Big worry for Trump: U.S. budget deficit explodes in February, surpassing $1 trillion in record-breaking year-to-date surge, raising concerns over unprecedented fiscal challenges
The US budget deficit surpassed $1 trillion in just five months, with February's deficit reaching $307 billion. Government spending continues to exceed revenue, with a $1.15 trillion deficit for the year.
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.
Could the US default on its debt this year?
The US debt currently sits at around $36.6 trillion and the government is, once again, approaching its legal borrowing limit.
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