U.S. borrowing hits $710 billion in first 3 months of fiscal year
- The Federal Government borrowed $710 billion in the first three months of fiscal year 2025, with 10 days before President-elect Donald Trump takes office.
- The Congressional Budget Office reported $710 billion in borrowing, including $85 billion in the month of December, according to the latest Monthly Budget Review.
- Maya MacGuineas, President of the Committee for a Responsible Federal Budget, said U.S. Borrowing should be a focus as Trump takes office.
- Trump promised to cut 'hundreds of billions' in federal spending in 2025 through the reconciliation process.
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Total News Sources0
Leaning Left0Leaning Right6Center1Last UpdatedBias Distribution86% Right
Bias Distribution
- 86% of the sources lean Right
14%
R 86%
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