U.S. Federal Budget - Search News

US Oct.-February budget deficit hits record $1.147 trillion

US October-February budget deficit hits record $1.147 trillion

The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said on Wednesday, including a $307 billion February deficit for President Donald Trump's first full month in office that was up 4% from a year earlier.

Fox Business on MSN · 15h

Federal budget deficit hits record $1.1T in first 5 months of fiscal year

New data from the Treasury Department shows the federal deficit is $318 billion larger in the first five months of fiscal year 2025 compared with the last fiscal year.

Fast Company · 1d

U.S. budget deficit for Trump’s first full month in office hits $307 billion

The deficit for the first five months of fiscal 2025 came to $1.147 trillion, up 38%, or $318 billion, from a year earlier.

Honolulu Star-Advertiser · 1d

U.S. budget deficit soars past $1.1T as spending outpaces revenue

WASHINGTON >> The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said today, including a $307 billion February deficit for President Donald Trump’s first full month in office that was up 4% from a year earlier.

Barron's on MSN · 1d

U.S. Deficit Hits a Record $1.15 Trillion Over 5 Months

Data disclosed by the Treasury Department showed an adjusted gap between federal spending and revenue of $1.063 trillion for October through February.

White House expects ‘mass reduction’ of federal workforce

Reuters on MSN · 15h

US agencies face Thursday deadline to submit mass layoff plans

The potential scale of President Donald Trump's efforts to shrink the U.S. federal government could become clearer on Thursday, the deadline for government agencies to submit plans for a second wave of mass layoffs and to slash their budgets.

U.S. News & World Report · 1h

White House Looks to Press Ahead With Mass Layoffs After Agencies Submit Reduction Plans

The Trump administration is expected on Friday to move ahead with a second wave of mass firings and budget cuts across the U.S. federal government after agencies were told to submit large-scale downsizing plans.

The Washington Post on MSN · 9h

White House expects ‘mass reduction’ of federal workforce as deadline looms

Few details were clear about how the sweeping cuts will be carried out, as the Trump administration prepared to work with agencies and DOGE to finalize plans.

Johns Hopkins, Federal Aid

The New York Times · 12h

Johns Hopkins to Cut More Than 2,000 Workers Funded by Federal Aid

The university, a leader in scientific research, has been hard hit by the Trump administration’s cuts, which will slash at least $800 million from its budget.

The Washington Post on MSN · 13h

Johns Hopkins University to slash 2,000 jobs after $800M in federal cuts

Johns Hopkins University said it is laying off more than 2,000 workers across the globe after the Trump administration cut $800 million in federal grants.

Akron News Reporter on MSN · 9h

Johns Hopkins to slash nearly 2,000 jobs after losing $800 million in federal grants

More than 2,000 positions related to global health are being cut from the Johns Hopkins University after the Baltimore institution saw $800 million in federal grants disappear, a spokesperson confirmed Thursday.

Federal Budget Ax Threatens Contractors, but Could Also Be an Opportunity

By cutting federal employees, the Trump administration may increase its reliance on firms that take in billions through ...

USA Today9d

House passes Arrington's Trump-endorsed federal budget resolution, awaits Senate approval

U.S. Rep. Jodey Arrington's federal budget, already endorsed by President Donald Trump, has moved on to the Senate ...

7don MSN

Why US federal agency spending has outpaced inflation — despite headcounts dropping billions fly out the door

Washington is spending more of your money than ever — far above the rate of price increases over the past quarter-century.

13hon MSN

What happens to Social Security, TSA and other programs if the federal government shuts down?

Hundreds of thousands of federal workers are on edge as the Senate struggles to reach a deal ahead of Friday night's looming ...

12hon MSN

Mass. budget observers warn against ‘preemptive panic’ amid federal funding threats

Massachusetts budget observers and key lawmakers are cautioning against panic and rash decisions amid threats to federal ...

New Scientist on MSN16h

NASA may have to cancel major space missions due to budget cuts

Potential cuts of up to 50 per cent of NASA's science budget could mean cancelling missions including the Hubble Space Telescope and the Voyager probes ...

11hon MSN

Will federal budget cuts sink CT tax break for families?

Advocates say tax relief such as a child tax credit is needed now as support programs shrink, but federal cuts could ...

20hon MSN

Team Trump is spending $200 million on ad campaign so migrants deport themselves - as the federal budget is hacked

Team Trump is spending $200 million on ad campaign so migrants deport themselves - as the federal budget is hacked - The ...

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