Federal spending since President Donald Trump’s inauguration, despite the efforts of his Department of Government Efficiency, has climbed by $154 billion over the same period a year ago during then-President Joe Biden’s administration, according to an analysis of the Treasury Department’s daily financial statements.
DOGE, under the leadership of tech billionaire and key Trump adviser Elon Musk, has claimed cuts of $150 billion through cuts to contracts, jobs, and ending diversity programs, but those changes have not yet changed the bottom line on spending, reports The Wall Street Journal on Friday, after a review of the Treasury statements.
The government’s income, with taxes and tariffs, is up, but it has not risen to the point of controlling the higher spending.
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