US government spending has not slowed under Trump so far, data shows
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But any savings have been outweighed so far by higher spending on health and retirement programs and rising interest payments, Treasury Department spending records show. Overall, the government spent about $710 billion between Jan. 21 and Feb. 20, Treasury daily spending data shows, up from the roughly $630 billion during a comparable period last year. Independent budget experts said the figures illustrate the relentless pressures incurred by an aging population and a ballooning debt load.
«Our $7 trillion budget is driven by structural imbalances because we've over-promised in our retirement and health care programs compared to what we're taking in,» said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. «We've borrowed in good times and bad times, which has led to record debt levels.»
The White House said Musk's Department of Government Efficiency is following through on Trump's promise to cut wasteful and fraudulent spending.
«DOGE has already identified billions of dollars in savings for American taxpayers, and President Trump will continue to direct this effort until our government is truly for the people, and by the people,» White House spokeswoman Karoline Leavitt said.
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