Wednesday , 12 February 2025
Home Forex US January Federal budget deficit $129.0B vs $95.5B expected
Forex

US January Federal budget deficit $129.0B vs $95.5B expected

There is some mainstream optimism about DOGE but the savings and waste they’re finding is minuscule compared to the size of the deficit and one-third of spending is about to start going to interest costs.

The Republican House proposed budget today has a deficit of $1.9 trillion and that’s after finding about $200 billion in annual savings from Medicaid.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

New Zealand data: January Card retail sales -1.6% m/m (prior +2.4) & -0.5% y/y (prior -1)

Card spending data covers around 68% of core retail sales in NZ....

Economic calendar in Asia – Fed’s Waller is speaking

I don't know what Waller will be speaking about. I know it...

Trade ideas thread – Thursday, 13 February, insightful charts, technical analysis, ideas

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas,...

Trump said he may sign reciprocal tariffs today, or tomorrow

Wednesday or Thursday, does it matter? They are on the way is...