Anthony DeBarros and James Benedict:
Federal spending is higher since President Trump took office even as the Department of Government Efficiency slashes contracts, cuts jobs and ends diversity programs.
A Wall Street Journal analysis of daily financial statements issued by the Treasury Department found government spending since the inauguration is $154 billion more than in the same period in 2024 during the administration of former President Joe Biden.
DOGE claims cuts of $150 billion so far, but the Journal analysis found those efforts have yet to affect the bottom line.
And while the government’s income—taxes and revenues including tariffs—is also up, it isn’t enough to keep pace with higher spending.
