US Federal budget deficit -$307B vs -$303.15B estimate

• Prior year -$129.0B
• Federal budget deficit for Feb 2025 -$307.9B vs -$303.15B estimate
• YTD deficit $-1.147T vs comarable 2024 deficit of -$828B. That is big
• Outlays $603B vs $567B in Feb. This is a record
• Receipts $296B vs $271B in Feb

Problem areas:

• Debt interest spending is up 10%
• Social Secuirty up 6%
• Medicare/Medicade up 5%
• Defense spending up 8%

This article was written by Greg Michalowski at www.forexlive.com.