Budget 2025 Live Updates Usa. Today the congressional budget office released an update to the budget and economic outlook: Government faced one of its largest budget deficits ever in fiscal year 2025, due to rising interest rates and government spending significantly exceeding revenue.
The white house said the president’s budget would lower costs for families and strengthen social security and medicare, including by raising taxes on the most affluent. The cj includes agency priorities, requested budget levels and performance plans (in accordance with the government performance and results act).