Despite pledges to cut spending during the campaign and the first few months of his tenure, President TrumpHis first 100 days spent about $220 billion in the first 100 days compared to the same period last year.
In fact, now the government spends more time a day than nine people in the past decade. Exception: In 2021, the government is Spend trillions of dollars Fight the coronavirus pandemic and prevent economic disasters.
CBS News analyzed the Treasury’s daily financial report to track the money flowing out of every government account every day since Mr. Trump returned to the office. Here is the breakdown we found.
In light of repeated announcements of layoffs, cancellation of contracts, Mr. Trump’s fraud claims and Elon Musk leadership Ministry of Government Efficiency and the belts of the entire government.
The answer lies in part in the fundamentals of the government budget, which is the basis for large-scale spending that cannot be fully controlled or large-scale changes in how the U.S. retires for Americans and Americans retire. Medical.
The rest of the answer is politics. Conservative bases that elect Mr. Trump and Congressional Republican majority may not support cutting other largest share of federal spending, actions by the U.S. military and care for veterans.
Look at some areas that represent the largest spending and the biggest increase Mr. Trump's first 100 days Compared with the same period in previous years.
According to our analysis of the Treasury daily report on accounts, many of the continuing rising costs are direct payments to military and seniors.
The federal government is used to spending more money Treasury bonds are growing. Coupled with higher interest rates, the daily price of paying debt interest soared. The amount in the past three months is about twice the amount paid three years ago.
and the daily payments for bonds and other securities that appear in the Treasury Daily Statement cover only the cash interest paid to the holders of public debt. Other elements of government debt obligations will only increase costs.
One way the Trump administration can influence budgets through civilian labor, which is the focus of Musk and the threshold Layoffs and Acquisition. But many of these attempts are faced Legal Challenges Delay or reverse the shooting.
Despite the announced staff cuts, one of the biggest areas of spending at the start of Trump’s second term remains federal salary. When Biden signed an executive order two days before Christmas, workers received a 2% raise, which was due to Congress’ inaction on the permanent federal budget.
The merger is military and veterans, social security, Medicare, Medicaid and debt payments that drive the share of federal spending over the past decade. In the last full fiscal year, they accounted for nearly two-thirds of the federal government's occupation. This collapse has hardly changed over the past decade.
The vast majority of cuts in most attempts to get away from racing are located outside of these areas, focusing on smaller goals that may be popular on President Trump’s politics, e.g. foreign aidthis Ministry of Education and grants Universities and Universities.
"If the savings are small and the pain is huge, then the Governor will be a responsibility," said Nat Malkus, a senior fellow at the conservative American College of Corporate, who has been following Doch's work.
"If you really want to cut federal spending, you're going to have to cut the share of the lion. It's Medicare and Medicaid, Social Security, we're spending a lot of money on interest," Marcus said.
There are significant annual spending reductions in some institutions and expenditure categories.
This is some of the biggest drop since Trump took office.
"The fiscal year ended September 30. There is more year left, so let's see where we are at the end of the year," said Stephen Miller, deputy director of policy at the White House.
I saw the promotional Mano cutting
Musk's Governor's team focused on many of the smaller spending in the federal program.
Doge's website claims that the task force has saved a lot of money for $160 billion between canceling grants, contracts and leases, and laying off staff to the federal workforce. In itReceipt wall“Online website, the office reports that the biggest reduction to date comes from the Department of Health and Human Services, General Services Administration, Education, Labor and Personnel Management Office.
Of the so-called savings, only about $60 billion (or less than 40%) are available in the office’s online “receipt wall” and Even these items include errors and Lax documentation.
But even the $160 billion publicity announced so far will be small even in the context of a larger federal budget and national debt.
According to a CBS News analysis of the Treasury Department report, the government has already reached about $220 billion more than last year.
Advertising saves less than 2% of the full-year budget. This is similar to a household that spends $10,000 a month, cutting its bills by $200 a month.
Supporters of government efforts to cut costs describe it as rooted in fraud and waste and biting the national debt. However, the Treasury Department reported that debt was $36 trillion as of this week.
The $160 billion publicity Governor’s savings were about 0.5% of the debt, so Doge’s efforts were reduced like a family with a credit card balance of $10,000, paying it back $50.
Independent analysis of the nonpartisan nonprofit public service partnerships studying federal workforce, also recently reported that Cutting the door could make taxpayers $135 million.
Musk said recently His work at Doge is over.
Explore the details of your own expenses
You can explore the government's daily account ledger for yourself. In the first few months of the Trump administration, we have quarantined the money we spent by category compared to the past 10 years.
You can search for the agency or spending category below to see how it changes over time and spend more or less on the first 100 days of the Trump administration. Since January 20, 2025, we have limited forms to agencies and categories that spend at least $100 million.
