Despite aggressive cost-cutting by the Department of Government Efficiency, federal spending has reportedly climbed by $154 billion since President Donald Trump returned to office,
What Happened: Government spending is significantly higher under Trump’s second term compared to the same period in 2024 under President Joe Biden, according to the analysis by the Wall Street Journal, citing the Treasury Department’s daily financial statements.
The increase—$154 billion—comes even as the Department of Government Efficiency (DOGE), led by Elon Musk, touts $150 billion in cost savings through job cuts, contract terminations, and the rollback of diversity and aid programs.
“I’m excited to announce that we anticipate savings in ’26 from reduction of waste and fraud by $150 billion,” Musk said during Thursday’s cabinet meeting, referring to the period from October 2025 to September 2026.
Most of the spending increase is driven by mandatory obligations like Social Security, Medicare, Medicaid, and ballooning interest payments on the national debt.
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Social …Full story available on Benzinga.com
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