Federal spending drops 5.1% in first quarter of 2025.

[Nostra]

More Trump winning. Probably the first time ever spending actually decreased by the govt.

Needs to be about a thousand times that drop, but at least it’s heading in the right direction.

 

[Rambunctious]

Its going to work dems so you better get on board....

 

[SweetSue92]

More Trump winning. Probably the first time ever spending actually decreased by the govt.

Needs to be about a thousand times that drop, but at least it’s heading in the right direction.

SO GOOD. Best news of they day by far. More!

 

[konradv]

More Trump winning. Probably the first time ever spending actually decreased by the govt.

Needs to be about a thousand times that drop, but at least it’s heading in the right direction.

Buy gold; the second quarter doesn’t look good.

 

[shockedcanadian]

Trump can be a real game changer in his second term. For once you have a leader who isn't buckling.

This would set up the next president quite nicely as you know they would have to earn Trumps endorsement.

 

[Manonthestreet]

wonder what that does to the market monday

 

[airplanemechanic]

So much winning.

Sometimes, I think we republicans get tired of winning.

MAGA WINNING MAGA WINNING

 

[iamwhatiseem]

Buy gold; the second quarter doesn’t look good.

I'll tell everyone konrad said it's going to be bad - so great time to invest.

 

[Mashmont]

More Trump winning. Probably the first time ever spending actually decreased by the govt.

Needs to be about a thousand times that drop, but at least it’s heading in the right direction.

First time in history. Why isn't this on all the networks?

 

[iamwhatiseem]

First time in history. Why isn't this on all the networks?

I do want to see the data behind this, both sides lie and obfuscate to make claims like this.
So I hope it is true, about 20 years too late, but still hope it is true

 

[Mashmont]

First time in history. Why isn't this on all the networks?

I think if the leftwing media ever reports this, the headline will be "Government cutting spending. Is it really a good idea?"

 

[my2¢]

Is that the 1st quarter of the nations' fiscal year which would be from Oct1-Dec31 or the 1st quarter of the calendar year?

CBO’s latest report shows a harsh reality – we have already borrowed $1.3 trillion in the first half of FY 2025, with $599 billion from January through March alone. That’s $44 billion more than we borrowed over the same period in 2024, and we’ve already spent $140 billion more in the first three months of 2025 as we did in 2024.

Link

 

[Greenbeard]

Is that the 1st quarter of the nations' fiscal year which would be from Oct1-Dec31 or the 1st quarter of the calendar year?

Neither, spending is up from FY24 no matter how you slice it.

 

[Greenbeard]

Tracking federal expenditures in real time - The Hamilton Project

Track federal expenditures and filter by department, program, and more. Data are updated daily.

www.hamiltonproject.org

 

[my2¢]

Neither, spending is up from FY24 no matter how you slice it.

After I initially ask the question, I surmised I could figure this out on my own. If we borrowed $1.3 trillion during the 1st half of FY2025 with $599 billion in the second quarter, that means $701 billion was borrowed in the 1st quarter. That's a 14.55% decrease in borrowing. I like that, although I'm not sure how much income tax revenue contributes to any seasonal trend.

But to your point, with the House proposing a $4.5 trillion increase in the nation's debt limit and the Senate going with Trump's $5 trillion, yeah, we're screwed.