Trump Administration’s Spending Is on Pace to Surpass Biden Levels
March 28th, 2025Via: MarketWatch:
The Hamilton Project, an economic policy think tank, tracks federal spending using daily treasury statements published by the government.
These data show that the federal government had spent $1.893 trillion in 2025 as of March 26, compared to $1.763 trillion at the same date last year. In other words, federal spending in on pace to come in 7.4% higher this year than last.
It’s not uncommon for federal outlays to grow year by year along with the economy. But the government is currently operating under a continuing budget resolution that largely locks in spending levels signed into law by President Biden last year.
By comparison, federal spending at the end of the first quarter in 2024 was on track to be 1.6% lower than the prior year, though overall spending ended up 3.0% higher for full-year 2024 compared to 2023.
“You would expect, given the rhetoric, to see big decreases relative to last year,” Wendy Edelberg, former chief economist at the Congressional Budget Office and director of the Hamilton Project, told MarketWatch.
“It’s less surprising when you consider that most of the cuts they have talked about are pretty small bore, and I think that’s the major takeaway,” she added.
Edelberg also noted that even federal spending on salaries is coming in ahead of last year, suggesting that despite the administration putting many federal workers on administrative leave, those people are still getting paid.
I’ve got some criticism of Trump, especially around everything to do with the Zionist state, but it’s been a touch over 2 months since he was sworn in, so the quarter Edelberg is citing includes a month under Biden. MarketWatch is fake news and Edelberg is a POS, to state the obvious.
Good point, NH.
Even if we had the complete and detailed official stats, could we believe them?
I like it that they wrote that Biden was up only 1.6% over his previous year’s first 3 months but was up by 3% over his entire previous year. Not that the 1’s and 3’s are at all accurate, but that they admit he kept going up and up.
My main criticism of Trump is that, if I’d been born a Palestinian, I’d be dead fifty thousand times over by now.