- Federal deficit numbers remain high with no reduction in the near term. The CBO projects the current deficits for fiscal year 2025 at $1.9 trillion slightly up from 2024. This is 6.5% of GDP.
- The 2025 deficit should lead to around a total deficit of $38 trillion.
- The US will spend approximately $952 to $1 trillion on interest in 2025.
Politics, Policy & Market Sentiment
June 5, 2025
11:25 am
“Trump, Tariffs, TACO, & Tesla with David Pivnick of McGuireWoods LLP Listen Here: https://lnkd.in/gChYp3r6 My