Loading...
Market
Largest percentage increase in U.S. government spending by area in FY 2025?
3
Resolution / Starting Odds
Defense • 25%
Healthcare • 25%
Social Security • 25%
Infrastructure • 25%
U.S. Treasury Department's official fiscal year-end report
Story
U.S. Budget Deficit Soars 39% to Record $711 Billion in Fiscal First Quarter
Jan 14, 2025, 07:41 PM
The U.S. federal budget deficit increased in December 2024, reaching $87.0 billion, surpassing expectations of $75.0 billion, according to the Treasury Department. Although the December deficit decreased from November's $367.0 billion, the cumulative deficit for the first quarter of fiscal year 2025 swelled to a record $711 billion, up by $200 billion from the $510 billion recorded during the same period last year, marking an increase of approximately 39%. Revenues decreased by 2% while spending rose by 11%. The Treasury Department also confirmed that the total deficit for calendar year 2024 exceeded $2.0 trillion. The growing deficit underscores the fiscal challenges facing the incoming administration of President-elect Donald Trump.
View original story
Similar markets
Health • 25%
Defense • 25%
Social Security • 25%
Other • 25%
Education • 25%
Healthcare • 25%
Defense • 25%
Agriculture • 25%
Defense • 25%
Healthcare • 25%
Infrastructure • 25%
Education • 25%
Cybersecurity • 25%
Artificial Intelligence • 25%
Space Technology • 25%
Biochemistry • 25%
Cybersecurity initiatives • 25%
Pacific Deterrence Initiative • 25%
Military aid to Taiwan • 25%
European defense support • 25%
Defense • 25%
Education • 25%
Healthcare • 25%
Infrastructure • 25%
Education • 25%
Infrastructure • 25%
Healthcare • 25%
Defense • 25%
Space Technology • 25%
Drone Technology • 25%
Cybersecurity • 25%
Artificial Intelligence • 25%
Conventional Forces • 25%
Cybersecurity • 25%
Space Operations • 25%
Nuclear Modernization • 25%
Veterans' Benefits • 25%
Social Security • 25%
Medicare • 25%
Medicaid • 25%
Space Force • 25%
Other • 25%
Naval Expansion • 25%
Cybersecurity • 25%
Infrastructure • 25%
Healthcare • 25%
Education • 25%
Defense • 25%