Regardless of Trump’s promised cuts, U.S. spent about $220 billion extra in first 100 days than final 12 months

Regardless of guarantees to chop spending through the marketing campaign and his first few months in workplace, President Trump‘s federal authorities has spent about $220 billion extra in his first 100 days in comparison with the identical time interval final 12 months.

In truth, the federal government is now spending extra, day after day, than was spent in 9 of the final 10 years. The exception: 2021, when the federal government was spending trillions to combat the coronavirus pandemic and forestall an financial catastrophe.

CBS Information analyzed the Treasury Division’s each day monetary studies to trace the cash flowing out of each authorities account every day since Mr. Trump returned to workplace. Here is a breakdown of what we discovered.

Some would possibly ask how that is doable given the high-profile repeated bulletins of layoffs, canceled contracts, claims of fraud elimination by Mr. Trump and the Elon Musk-led Division of Authorities Effectivity and belt-tightening throughout the administration.

The reply partly lies within the fundamentals of the federal government’s price range with regards to big-ticket expenditures that the White Home cannot totally management or huge adjustments to the best way the U.S. pays for growing old People’ retirements and medical care.

The remainder of the reply is politics. The conservative base that elected Mr. Trump and the Republican majorities in Congress could not assist reducing the opposite largest share of federal spending, the operations of the U.S. navy and caring for veterans.

Check out a few of the areas representing the biggest spending and largest will increase in Mr. Trump’s first 100 days in comparison with the identical time interval in prior years.

In keeping with our evaluation of the Treasury Division’s each day studies on accounts, lots of the largest persistently rising prices are direct funds to the navy and seniors.

The federal authorities’s behavior of spending more cash than it takes in means the nationwide debt is rising. Paired with larger rates of interest, the each day price ticket of paying the curiosity on the debt is skyrocketing. The quantity over the past three months is about double the quantity paid out simply three years earlier.

And the each day funds on bonds and different securities that present up within the Treasury Every day Assertion cowl solely money curiosity paid to public debt holders. There are different components of the federal government’s debt obligations that solely add to the associated fee.

A method the Trump administration can affect the price range is thru the civilian workforce, and that is been a focus of Musk and DOGE through layoffs and buyouts. However lots of these makes an attempt are dealing with authorized challenges which have delayed or reversed firings.

Regardless of the introduced workers reductions, one of many largest areas of the rising spending to start with of Mr. Trump’s second time period stays federal salaries. Employees got a 2% elevate when then-President Biden signed an government order two days earlier than Christmas, a transfer allowed due to Congress’ inaction on everlasting federal budgets.

Mixed, it is the navy and veterans, Social Safety, Medicare, Medicaid and debt funds driving the lion’s share of federal spending over the past decade. Within the final full fiscal 12 months, they accounted for practically two-thirds of federal authorities outlays. That breakdown has barely modified over the past decade.

The overwhelming majority of the tried reducing up to now by DOGE has been exterior these areas, targeted on smaller targets that may show in style with President Trump’s political base, comparable to international assist, the Training Division and grants to faculties and universities.

There are some important one-year spending reductions in some businesses and spending classes. Here is a have a look at a few of the largest reductions since Mr. Trump took workplace.

A have a look at DOGE cuts marketed

Musk’s DOGE group has targeted its consideration on many smaller spenders amongst federal packages.

DOGE’s web site claims the duty drive has already saved that a lot, at $160 billion, between canceling grants, contracts and leases and making cuts to the federal workforce. On its “wall of receipts” website on-line, the workplace studies the biggest reductions up to now come from the Division of Well being and Human Providers, Basic Providers Administration, Division of Training, Division of Labor and Workplace of Personnel Administration.

Solely about $60 billion, or lower than 40%, of that alleged financial savings are itemized on the workplace’s on-line “wall of receipts” and even these itemizations have included errors and lax documentation.

However even the $160 billion marketed as saved up to now could be tiny within the context of the bigger federal price range and nationwide debt.

The administration has already spent about $220 billion greater than final 12 months in a bit of over three months, in accordance with CBS Information’ evaluation of Treasury studies.

The marketed financial savings represents lower than 2% of a full 12 months’s nationwide price range. That is akin to a household with $10,000 in month-to-month spending trimming its payments by $200 a month.

The supporters of the administration’s cost-cutting efforts have characterised it as essential to root out fraud and waste and to take a chunk out of the nationwide debt. Nonetheless, the Treasury Division studies that debt stands at $36 trillion as of this week.

The $160 billion marketed DOGE financial savings is about 0.5% of the debt, so the discount from DOGE’s efforts could be like a household with $10,000 in bank card balances paying it down by $50.

An impartial evaluation by the Partnership for Public Service, a nonpartisan nonprofit that research the federal workforce, additionally reported just lately that the disruptions attributable to the DOGE cuts could have price taxpayers $135 million.

Musk just lately mentioned his work with DOGE is winding down.

Discover the spending particulars your self

You may discover the federal government’s each day account ledgers for your self. We have remoted the cash spent by class within the first few months of the Trump administration in comparison with the identical time interval in every of the final 10 years.

You may seek for businesses or spending classes under to see the change over time and the way a lot or much less is being spent throughout this primary 100 days of the Trump administration. We have restricted the desk to businesses and classes with no less than $100 million in spending since Jan. 20, 2025.

contributed to this report.