US Budget Deficit Widens to $840 Billion in First 4 Months of Fiscal Year

The 12-month rolling deficit topped $2 trillion. The data show that the U.S. government is still borrowing ‘at an alarming rate,’ said one analyst.

The national debt clock displayed at a bus station in Washington on Jan. 2, 2025. Madalina Vasiliu/The Epoch Times

According to new Treasury Department data, the U.S. government registered a $840 billion budget deficit in the first four months of fiscal year 2025, up by 58 percent from the previous year.

In January, the federal government announced a $129 billion shortfall, significantly higher than the $21.9 billion it had logged in the same month last year.