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U.S. Faces $1.8 Trillion Deficit Amid Borrowing Concerns

10/19/2025

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Summary

Story summary

The U.S. Department of the Treasury reports a $1.8 trillion deficit for 2025, unchanged from last year.
In September, the Treasury posted a $198 billion surplus.
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, criticized the daily borrowing of $5 billion.
California faces a deficit after a 2022 revenue projection error of $165 billion, and Gavin Newsom (D-Calif.)'s budget moves have produced $21 billion in borrowing.

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Story summary

The U.S. Department of the Treasury reports a $1.8 trillion deficit for 2025, unchanged from last year.
In September, the Treasury posted a $198 billion surplus.
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, criticized the daily borrowing of $5 billion.
California faces a deficit after a 2022 revenue projection error of $165 billion, and Gavin Newsom (D-Calif.)'s budget moves have produced $21 billion in borrowing.