$30 billion a day

The Economist: “Every working day the Treasury publishes a statement detailing withdrawals of cash from its primary deposit account, providing the best high-frequency indicator of government spending. Since Donald Trump took office a little more than three weeks ago, outlays have averaged $30bn a day. Compare that with the same period last year under Joe Biden: federal spending back then came to about $26bn a day. … Outflows from the Treasury have actually risen since January 28th, when Mr Musk first claimed his ‘Department of Government Efficiency’, or DOGE, was saving the federal government $1bn a day.”

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