U.S. Borrowing Hits $710 Billion in First 3 Months of Fiscal Year

By Brett Rowland | The Center Square (Worthy News) – The federal government borrowed $710 billion in the first three months of fiscal year 2025, with 10 days before President-elect Donald Trump takes office. The Congressional Budget Office reported $710 billion in borrowing, including $85 billion in the month of December, according to the latest Monthly Budget Review. Federal agencies, including the CBO, expect deficit spending to continue despite promises from Trump and others to cut the