{"id":2389415,"date":"2025-01-12T17:32:55","date_gmt":"2025-01-12T22:32:55","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-borrowing-hits-710-billion-in-first-3-months-of-fiscal-year-washington-examiner\/"},"modified":"2025-01-12T17:34:49","modified_gmt":"2025-01-12T22:34:49","slug":"u-s-borrowing-hits-710-billion-in-first-3-months-of-fiscal-year-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-borrowing-hits-710-billion-in-first-3-months-of-fiscal-year-washington-examiner\/","title":{"rendered":"U.S. borrowing hits $710 billion in first 3 months of fiscal year &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-borrowing-hits-710-billion-in-first-3-months-of-fiscal-year-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2389415&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ray-epps-charged-with-misdemeanor-over-j6-capitol-protest\/\" title=\"Ray Epps faces misdemeanor charges for his involvement in the J6 Capitol protest.\">provided text appears<\/a> to be a snippet of HTML code that includes a button for expanding \u2064content \u200c(&#8220;Read more&#8230;&#8221;), followed by a line break and\u2064 some XML encoding. It features elements for a mobile menu and a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-live-white-house-holds-press-briefing-after-bidens-weekend-interview-washington-examiner\/\" title=\"WATCH LIVE: White House holds press briefing after Biden\u2019s weekend interview - Washington Examiner\">mobile search icon<\/a>, indicating that the\u200b webpage is designed\u2064 to be \u2062responsive and user-pleasant on\u200b mobile devices. The structure suggests that it is indeed part of a larger website\u2064 layout, potentially allowing users to access more data or additional features when interacting with the mobile interface.However, the content being \u200breferenced\u2062 in the\u2063 &#8220;Read more&#8230;&#8221; section is not\u2064 included in the provided snippet.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">U.S. borrowing hits $710 billion in first 3 months of fiscal year<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1932594\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square) &ndash; The federal government borrowed $710 billion in the first three months of fiscal year 2025, with 10 days before President-elect Donald Trump takes office.<\/p>\n<div class=\"article-paywall\">\n<p>The Congressional Budget Office reported $710 billion in borrowing, including $85 billion in the month of December, according to the latest Monthly Budget Review.<\/p>\n<p>Federal agencies, including the CBO, expect deficit spending to continue despite promises from Trump and others to cut the federal budget.<\/p>\n<p>Trump promised to cut &ldquo;hundreds of billions&rdquo; in federal spending in 2025 through the reconciliation process, a parliamentary procedure that allows Congress to expedite the passage of some federal budget legislation.<\/p>\n<p>Trump&rsquo;s Department of Government Efficiency, run by Tesla boss Elon Musk and entrepreneur Vivek Ramaswamy, also promised to cut the federal government down to size. Earlier this week, Musk estimated DOGE could trim $1 trillion from the federal budget, a sizable amount considering discretionary spending totaled $1.7 trillion in 2023. Generally, Congress spends about half of its discretionary budget on the U.S. Department of Defense.<\/p>\n<p>Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said U.S. borrowing should be a focus as Trump takes office.<\/p>\n<p>&ldquo;As we start the new year ushering in a new administration and a new Congress, we must not lose sight of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-debt-will-rise-to-107-of-gdp-by-2029-cbo-projects\/\" title=\"CBO projects federal debt to reach 107% of GDP by 2029.\">fiscal challenges ahead<\/a>,&rdquo; she said. &ldquo;Our unsustainable debt isn&rsquo;t something we can just shy away from, as 2025 is packed full of fiscal deadlines. So far we&rsquo;ve heard much about how lawmakers plan to spend more and tax less; we&rsquo;ve heard much less about the opposite.&rdquo;<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/strong><\/p>\n<p>MacGuineas suggested no new borrowing and guaranteeing all tax cuts and spending increases are fully offset. That&rsquo;s a daunting challenge for lawmakers as they look to extend the tax provision in the 2017 Tax Cuts and Jobs Act, which the CBO estimated will cost about $4 trillion over the next decade.<\/p>\n<p>Congress has run a deficit every year since 2001. In the past 50 years, the federal government has ended with a <a href=\"https:\/\/amzn.to\/3YuVZYV\">fiscal year-end budget surplus<\/a> four times, most recently in 2001.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1932594\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1932594\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. borrowing reaches $710 billion in first quarter of FY 2025<\/p>\n","protected":false},"author":1,"featured_media":2389416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/iStock-157308559-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[48374,48375,48373],"class_list":["post-2389415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-fiscal-year-2023","tag-government-debt","tag-u-s-borrowing"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/iStock-157308559-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2389415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2389415"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2389415\/revisions"}],"predecessor-version":[{"id":2389419,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2389415\/revisions\/2389419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2389416"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2389415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2389415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2389415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}