US Fiscal Deficit Reaches $1.8 Trillion Amid Shutdown and Rising Debt Costs
TL;DR Summary
The Committee for a Responsible Federal Budget criticizes the recent government shutdown as wasteful and reports a $1.8 trillion deficit for 2025, highlighting concerns over unsustainable borrowing, long-term entitlement insolvencies, and the need for bipartisan fiscal reforms to prevent the U.S. from losing its global standing.
- $1.8 trillion deficit revealed during 'pointless and wasteful government shutdown,' budget watchdog says Fortune
- Tariffs Are Way Up. Interest on Debt Tops $1 Trillion. And DOGE Didn’t Do Much. The Wall Street Journal
- Bessent Touts Drop in Deficit-to-GDP Ratio, Sees Tax-Refund Wave Bloomberg.com
- Bessent says US ended fiscal 2025 with lower deficit-to-GDP ratio Yahoo Finance
- CBO Estimates 2025 Deficit Totaled $1.8 Trillion-2025-10-09 Committee for a Responsible Federal Budget
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