Biden's 2025 Budget

The proposed budget for 2025 stands at a staggering $7.3 trillion, reflecting an 18% increase from 2023. With a projected deficit of $1.78 trillion, the long-term outlook shows an average deficit of $1.6 trillion annually over the next decade. Notably, interest payments on the national debt are set to exceed $1 trillion by 2026, highlighting the growing financial strain on the U.S. economy.