The U.S. budget deficit reached $307 billion during President Donald Trump’s first full month in office, marking a 4% increase—an additional $11 billion—over the same period last year, according to the Treasury Department.
Record receipts bolstered the figures in February, with federal income totaling $296 billion—a 9% rise or an extra $25 billion compared with the previous year. However, government spending surged even more, with outlays reaching a record $603 billion in February, up 6% or $36 billion year over year.
After calendar adjustments for both receipts and expenditures, the adjusted deficit would have stood at $311 billion, representing a 3% increase over February 2024.
For the first five months of fiscal 2025, the overall deficit ballooned to $1.147 trillion, up 38%—or $318 billion—from a year earlier. Fiscal year-to-date receipts increased by 2%, or $37 billion, to a record $1.893 trillion, while outlays climbed 13%, or $355 billion, to a record $3.039 trillion.
Driving the spending growth were higher costs associated with Treasury’s interest on the public debt, increased outlays for Child Tax Credit payments, and elevated Social Security payments—partly due to a 2.5% cost-of-living adjustment for 2025.
The steep rise in both spending and the overall deficit highlights the fiscal challenges facing the administration as it navigates a period marked by record revenues alongside rapidly escalating expenditures.
Signal president Meredith Whittaker has defended the platform’s security after senior Trump administration officials mistakenly included a journalist in a private Signal group chat discussing U.S. military action against Yemen’s Houthis.
Norway’s Defence Minister, Tore O. Sandvik, affirmed that the United States remains committed to European defence, but emphasized that Europe must contribute more financially to ensure the U.S. can uphold its security commitments.
Italy’s President Sergio Mattarella expressed confidence on Monday that the European Union (EU) has the strength to effectively respond to potential U.S. tariffs.
Hyundai Steel, in partnership with Hyundai Motor Group, announced a $5.8 billion investment to build a new steel plant in Louisiana, U.S., with an annual capacity of 2.7 million tonnes.
China has narrowed the artificial intelligence (AI) development gap with the United States to just three months in certain areas, according to Lee Kai-fu, the CEO of Chinese AI startup 01.AI.
As the world shifts toward clean energy at an ever-accelerating pace, large economies are scrambling to secure reliable supply chains for rare earth minerals. These minerals, once seen as mere industrial components, have become a political tool in the global power struggle
Kabul, Afghanistan - Climate change has become a critical destabilizing factor in Afghanistan, worsening the country's already severe economic and social instability.
U.S. National Security Advisor Mike Waltz admitted on Tuesday that he created the Signal chat where sensitive details about U.S. strikes on Yemen were shared — and called the episode “embarrassing.”
Thai Prime Minister Paetongtarn Shinawatra will face a no-confidence vote in parliament on Wednesday, marking an early test of the strength and unity of her ruling coalition after two days of fierce opposition scrutiny.
Signal president Meredith Whittaker has defended the platform’s security after senior Trump administration officials mistakenly included a journalist in a private Signal group chat discussing U.S. military action against Yemen’s Houthis.
Sweden’s Prime Minister Ulf Kristersson stated on Thursday that purchasing U.S. weapons does not pose a security risk for his country, but emphasized the need for Europe to reduce its reliance on American defense systems. His comments come amid growing discussions within Europe.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
Mexican forces have dismantled a massive meth lab in Zacatecas, dealing a blow to a Sinaloa Cartel faction.
Royal Australian Air Force (RAAF) pilots, monitoring a Chinese navy warship as it navigated Australian waters, were alerted to a live-fire exercise via a civilian radio broadcast, defense officials revealed on Tuesday.
Serbia’s parliament has officially accepted the resignation of Prime Minister Milos Vucevic, setting a 30-day deadline for the formation of a new government or the calling of snap elections.
Kabul, Afghanistan - Climate change has become a critical destabilizing factor in Afghanistan, worsening the country's already severe economic and social instability.
U.S. National Security Advisor Mike Waltz admitted on Tuesday that he created the Signal chat where sensitive details about U.S. strikes on Yemen were shared — and called the episode “embarrassing.”
Thai Prime Minister Paetongtarn Shinawatra will face a no-confidence vote in parliament on Wednesday, marking an early test of the strength and unity of her ruling coalition after two days of fierce opposition scrutiny.
Signal president Meredith Whittaker has defended the platform’s security after senior Trump administration officials mistakenly included a journalist in a private Signal group chat discussing U.S. military action against Yemen’s Houthis.
Russia and Ukraine have agreed to suspend attacks on key energy infrastructure for 30 days, according to a statement published by the Kremlin on Tuesday.
As the world shifts toward clean energy at an ever-accelerating pace, large economies are scrambling to secure reliable supply chains for rare earth minerals. These minerals, once seen as mere industrial components, have become a political tool in the global power struggle
Kabul, Afghanistan - Climate change has become a critical destabilizing factor in Afghanistan, worsening the country's already severe economic and social instability.
U.S. National Security Advisor Mike Waltz admitted on Tuesday that he created the Signal chat where sensitive details about U.S. strikes on Yemen were shared — and called the episode “embarrassing.”
Thai Prime Minister Paetongtarn Shinawatra will face a no-confidence vote in parliament on Wednesday, marking an early test of the strength and unity of her ruling coalition after two days of fierce opposition scrutiny.
Signal president Meredith Whittaker has defended the platform’s security after senior Trump administration officials mistakenly included a journalist in a private Signal group chat discussing U.S. military action against Yemen’s Houthis.
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