The Whole Bill
Every year the federal government spends more than it collects. The difference is borrowed, and the interest on it becomes part of next year's bill.
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The whole billFY2025
Spent$7.01T
Collected$5.23T
Still borrowed$1.78T
None of the $1.78T gap closed yet
Federal spending and revenue, FY2025. These are actual federal outlays and revenues for fiscal year 2025 (October 1, 2024, to September 30, 2025), in billions of dollars, from the Congressional Budget Office.