Wednesday, April 30, 2025
66.6 F
New York

U.S. Spending Rises by $220B in Trump’s First 100 Days Despite Pledge

Despite repeated promises from President Donald Trump to rein in federal expenditures, U.S. government spending surged by approximately $220 billion during the first 100 days of his term compared to the same period last year, according to new Treasury data.

From January through early April, total federal outlays exceeded $1.48 trillion—marking a significant jump from the $1.26 trillion spent during the same timeframe in the previous year. The figures appear to contrast with Trump’s campaign rhetoric emphasizing fiscal restraint and budgetary reform.

Analysts point to increased defense allocations, interest payments on national debt, and mandatory spending on entitlement programs as key contributors to the rise. Although the Trump administration has proposed sweeping budget cuts in areas such as foreign aid, climate programs, and federal agencies, those reductions have yet to take effect.

Economic advisor to the president, Stephen Moore, defended the spending trend, arguing that “certain transitional costs and inherited obligations were unavoidable,” and stressed that “major fiscal reforms are still underway.”

The administration maintains that long-term savings will be achieved through reforms to entitlement programs, tax cuts aimed at stimulating growth, and rolling back regulatory burdens on businesses.

However, critics argue that the early numbers indicate a mismatch between the administration’s rhetoric and fiscal reality. “This increase undermines the message of fiscal discipline,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget.

As Congress approaches negotiations on the upcoming fiscal year budget, the spending spike is expected to fuel further partisan debate over debt limits, taxation, and the scope of government intervention in the economy.

Hot this week

OpenAI Rolls Back ChatGPT Update After Widespread Criticism

Over 500 million people around the world use ChatGPT...

Switzerland to Officially Ban Hamas Starting May 15

Switzerland will officially designate Hamas as a banned organization...

Sanctions and Ethics Keep McDonald’s, Coca-Cola Out of Russia

Despite recent online speculation, McDonald’s and Coca-Cola have confirmed...

INS Vikrant to Host New Rafales as India Phases Out Russian Fighters

India has signed a landmark $7.4 billion defense deal...

Everton’s New Stadium Built with Ukrainian Steel from Metinvest

A new era has begun for Everton Football Club...

Topics

OpenAI Rolls Back ChatGPT Update After Widespread Criticism

Over 500 million people around the world use ChatGPT...

Switzerland to Officially Ban Hamas Starting May 15

Switzerland will officially designate Hamas as a banned organization...

Sanctions and Ethics Keep McDonald’s, Coca-Cola Out of Russia

Despite recent online speculation, McDonald’s and Coca-Cola have confirmed...

INS Vikrant to Host New Rafales as India Phases Out Russian Fighters

India has signed a landmark $7.4 billion defense deal...

Everton’s New Stadium Built with Ukrainian Steel from Metinvest

A new era has begun for Everton Football Club...

Mastercard and Microsoft Unveil AI Shopping Assistant

Mastercard has announced a new artificial intelligence tool aimed...
spot_img

Related Articles

Popular Categories

spot_img