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Primary Driver of U.S. Budget Deficit in Q1 2025?
2
Resolution / Starting Odds
Increased government spending • 25%
Decreased tax revenues • 25%
Higher interest payments • 25%
Other factors • 25%
Analysis reports from the Congressional Budget Office or U.S. Department of the Treasury
Story
U.S. Federal Budget Deficit for December Reaches $86.7 Billion, 40% Higher Year Over Year; $710 Billion Over Three Months
Jan 14, 2025, 07:02 PM
The U.S. federal budget deficit for December 2024 was reported at $86.7 billion, exceeding expectations of $80 billion and significantly higher than the previous month's deficit of $366.8 billion. This marks a 40% increase in the deficit compared to the same month a year ago. Over the last three months, the total budget deficit has reached $710 billion. The data highlights ongoing fiscal challenges as the government grapples with rising expenditures and lower revenues.
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