U.S. budget deficit surged in February, passing $1 trillion for new year-to-date record
1. U.S. budget deficit surpassed $1 trillion in February 2025. 2. Deficit rose 3.7% compared to February 2024. 3. Government spending continues to outpace revenue significantly. 4. Trump's tax policy could add $3.3 trillion to the deficit. 5. Elon Musk leads efficiency initiatives to cut government jobs.