Articles
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1 week ago |
democraticunderground.com | Anthony DeBarros |James Benedict
"Government Spending Continues to Climb Even as DOGE Touts Cuts" Source: WALL STREET JOURNALBy Anthony DeBarros and James BenedictApril 11, 2025 5:30 am ETFederal spending is higher since President Trump took office even as the Department of Government Efficiency slashes contracts, cuts jobs and ends diversity programs.
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1 week ago |
wsj.com | Anthony DeBarros |James Benedict
April 11, 2025 5:30 am ETFederal spending is higher since President Trump took office even as the Department of Government Efficiency slashes contracts, cuts jobs and ends diversity programs. A Wall Street Journal analysis of daily financial statements issued by the Treasury Department found government spending since the inauguration is $154 billion more than in the same period in 2024 during the administration of President Joe Biden. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved.
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1 week ago |
wsj.com | Anthony DeBarros |James Benedict
DOGE claims cuts of $150 billion so far, but the Journal analysis found those efforts have yet to affect the bottom line. And while the government’s income—taxes and revenues including tariffs—is also up, it isn’t enough to keep pace with higher spending. Hard to tameLast fiscal year, about 73% of federal spending went to interest on the debt and mandatory programs like Social Security and Medicare that operate on autopilot. That amounted to $4.9 trillion.
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1 week ago |
wsj.com | Anthony DeBarros |James Benedict
$13.75/Week $1.75/Week Includes unlimited digital access to The Wall Street Journal, MarketWatch, Barron’s and Investor’s Business Daily
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2 months ago |
msn.com | Caitlin Ostroff |Shane Shifflett |James Benedict
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