Government deficit rose 4% in Trump's first full month in office, despite DOGE. UBS says the U.S. is slashing confidence [View all]
(Fortune) -snip- Elon Musk has framed his cost-cutting initiatives at the Department of Government Efficiency (DOGE) as a project that will halve the federal deficit with "competency and trust."
But in February (President Trump's first full month in the Oval Office), data from the Treasury shows, the monthly deficit more than doubled compared to the period prior, now sitting comfortably at more than $1.1 trillion for FY 2025 so far.
In February, outlays for the government totaled $603 billion, a fall compared to January's total of $642 billion.
https://finance.yahoo.com/news/government-deficit-rose-4-trump-150913696.html?.tsrc=daily_mail&segment_id=DY_VTO_CORE&ncid=crm_19908-1475736-20250315-0&bt_user_id=pTDoXUeASRIF%2BgOJAzKgQabQiOHepxYbnYFISm9vQxsuWrE44OlFo8PVfJlFgpc2&bt_ts=1742044053275
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