The federal budget deficit was $1.8 trillion in fiscal year 2025, the Congressional Budget Office estimates, $8 billion less than the shortfall recorded during fiscal year 2024. https://t.co/TGEDeqIc13 — U.S. CBO (@USCBO) October 8, 2025 “Amid a pointless and wasteful government shutdown, today we learned that the federal government borrowed $1.8 trillion in the fiscal year that ended last week,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said in a statement. In January, the CBO had projected that the federal budget deficit would reach $1.9 trillion this year and the federal debt would increase to 118% of Gross Domestic Product in 2035.
Author: Ireland Owens
Published at: 2025-10-08 20:52:02
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