US EditionUS budget deficit grows to $1.3 trillion, the second highest six-month level on record
- The U.S. Budget deficit has grown to over $1.3 trillion in the first half of fiscal year 2025, the second highest six-month deficit on record.
- The increased spending was due to factors like cost of living increases to Social Security, higher Medicare and Medicaid costs, disaster assistance, and Defense Department spending.
- The deficit comes as the administration has touted plans to reduce waste through the Department of Government Efficiency , and as House Republicans approved a budget with $4.5 trillion in tax cuts and $1.5 trillion in program cuts.
52 Articles
52 Articles
6-month U.S. deficit hits $1.3 trillion; government still projects $1.9 trillion deficit for year | Northwest Arkansas Democrat-Gazette
WASHINGTON -- The United States' deficit hit $1.3 trillion in the first half of the fiscal year with the federal government on track to reach its $1.9 trillion projection by fiscal year's end.
US budget deficit surges 23% in 6 months through March
WASHINGTON, United States — The US budget deficit expanded significantly in the first six months of the fiscal year, according to Treasury Department data released Thursday. This period includes President Donald Trump’s return to the White House, The deficit widened to the second-highest on record for the October to March period, agency officials told reporters. This
Associated Press News
US budget deficit grows to $1.3 trillion, the second highest six-month level on record
The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the fiscal year. The Treasury Department says it's the second highest six-month deficit on record.
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