{"id":17421,"date":"2025-04-18T17:46:24","date_gmt":"2025-04-18T17:46:24","guid":{"rendered":"https:\/\/lonecandle.com\/?p=17421"},"modified":"2025-04-18T17:46:25","modified_gmt":"2025-04-18T17:46:25","slug":"feds-borrowed-1-3-trillion-in-the-first-6-months-of-this-fiscal-year","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=17421","title":{"rendered":"Feds Borrowed $1.3 Trillion in the First 6 Months of This Fiscal Year"},"content":{"rendered":"\n

“President Donald Trump stood before a joint session of Congress less than six weeks ago and vowed<\/a> to do something that has not been done in nearly a quarter century: balance the federal budget.<\/p>\n\n\n\n

New numbers from the Treasury and recent developments in Congress suggest that’s not going to happen. Indeed, all indications are pointing in the opposite direction.<\/p>\n\n\n\n

The federal government borrowed<\/a> $1.3 trillion during the first six months of the current fiscal year, the Treasury Department reported last week<\/a>. That’s the second-highest six-month total<\/a> in history, bested only by the record set in the midst of the COVID-19 pandemic.”<\/p>\n\n\n\n

https:\/\/reason.com\/2025\/04\/14\/feds-borrowed-1-3-trillion-in-the-first-6-months-of-this-fiscal-year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“President Donald Trump stood before a joint session of Congress less than six weeks ago and vowed to do something that has not been done in nearly a quarter century: balance the federal budget.
\nNew numbers from the Treasury and recent developments in Congress suggest that’s not going to happen. Indeed, all indications are pointing in the opposite direction.<\/p>\n

The federal government borrowed $1.3 trillion during the first six months of the current fiscal year, the Treasury Department reported last week. That’s the second-highest six-month total in history, bested only by the record set in the midst of the COVID-19 pandemic.”<\/p>\n

https:\/\/reason.com\/2025\/04\/14\/feds-borrowed-1-3-trillion-in-the-first-6-months-of-this-fiscal-year\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[7,278,221,1193,279,170],"class_list":["post-17421","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-debt","tag-deficit","tag-donald-trump","tag-government-spending","tag-spending","tag-trump"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17421"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17421\/revisions"}],"predecessor-version":[{"id":17422,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17421\/revisions\/17422"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}