The Republican budget voted out of committee this week purports to spend $4.6 trillion in fiscal 2025, which ends Sept. 30. If accurate, the budget passed by Senate Republicans would appear to be about $800 billion less than last year. Should we celebrate?
Before anyone pops a cork of champagne, we should remember that the federal government is already nearly halfway through fiscal 2025, and the Congressional Budget Office projects that on-budget spending will be $5.6 trillion. That’s $1 trillion more than the Senate Republican budget!
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.