Business

US Federal Deficit Hits $1.8 Trillion for 2nd Straight Year

The federal government posted a September surplus, the Congressional Budget Office estimated.
US Federal Deficit Hits $1.8 Trillion for 2nd Straight Year
The national debt clock is displayed in Washington on April 14, 2025. Madalina Vasiliu/The Epoch Times
Andrew Moran
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The federal government registered a $1.8 trillion budget deficit for fiscal year 2025, according to new data from the Congressional Budget Office (CBO), released on Oct. 8.

This year’s shortfall was $8 billion lower than the deficit recorded for 2024, the nonpartisan budget watchdog said.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."