US EditionCBO Estimates Spending Up $144 Billion in 2025 - The Iowa Standard
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2 Articles
Official reports indicate that federal spending in the first 9 months of fiscal year 2025 is 247 billion dollars higher than in the same period of fiscal year 2024. The deficit reached 1.3 trillion dollars (trillion) in the government's fiscal year 2025, which began in October 2024, according to the latest data from the Treasury Department. The figure of 1.3 trillion dollars (trillion) is current on June 30.Read more]]>
CBO Estimates Spending Up $144 Billion in 2025 - The Iowa Standard
The Congressional Budget Office (CBO) released its Monthly Budget Review for June 2025, estimating that federal spending, as measured by outlays, is $144 billion higher in the first half of calendar year 2025 than 2024. The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget: For the first half of the calendar year, we have seen a year-over-year rise of $144 billion in government spending de…
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