The budget deficit in the United States has reached 1.1 trillion dollars this fiscal year, with February's tax revenue covering less than half of the expenditures

The latest data from the U.S. Treasury Department shows that Elon Musk's efforts to increase efficiency have not been able to prevent federal government spending last month from rising to a record $603 billion. In contrast, its tax revenue was only $296 billion, highlighting the difficulties of the Trump administration in significantly reducing the size of government. This resulted in a budget deficit of $307 billion for that month, meaning all tax revenues for February were less than the deficit. In other words, U.S. spending in February was more than twice its income. This also means that this February's deficit is close to a historical high, with only the impact after 2021's pandemic being greater and pushing up cumulative deficits by 2025 to $11.47 trillion or 38% of total U.S expenditure for fiscal year 2025.