U.S. Federal Budget Spending

2025 Projected U.S. Federal Spending While the idea of cutting $2 trillion from U.S. federal spending is appealing in theory, the practical challenges and political realities make it a daunting task. Image: Morgan Stanley Wealth Management

U.S. Government Spending

U.S. Government Spending U.S. government spending fell by 6% year-over-year, marking a notable shift. Image: BofA Global Investment Strategy

U.S. Defense Spending as a % of GDP

U.S. Defense Spending as a % of GDP The U.S. defense budget is expected to increase significantly. Image: BofA Research Investment Committee