$2.26 trillion

The largest category of income for the Federal Government is individual income taxes.

The U.S. government has spent $3.57 trillion in fiscal year 2025 to date.

Social Security, Medicare/Medicaid, and Defense

Mandatory spending, also known as entitlement spending, is governed by existing laws, meaning the government is legally obligated to provide funds for these programs. Discretionary spending, on the other hand, is determined annually by Congress through the appropriations process, meaning the government has the flexibility to decide how much to allocate for these programs each year. 

social security

Federal

32.3

income taxes (individual and corporate), some sales taxes, and certain types of taxes on natural resources like severance taxes.

education, health and human services (including Medicaid), and public welfare.

3.67%

schools, health care services, and general administration

$5,004.55

property tax

education, library, fire department.

30,000,000

libraries, museums, and cultural events.

Most state tax revenues are sourced from sales and income taxes

State governments generally spend more on education, welfare, and higher education, while local governments focus on public safety, infrastructure, and schools. 

a macroeconomic policy aimed at stimulating economic growth and preventing recession. It primarily involves increasing the overall supply of money or credit in the economy, or increasing government spending and/or decreasing taxes. This is typically done to increase aggregate demand, boost consumer spending, and encourage businesses to invest.

to assess the functional severity of coronary artery blockages (stenoses) during cardiac catheterization

The Interest on Reserve Balances (IORB) rate influences banks because it sets a floor for interest rates throughout the economy, impacting their lending and investment decisions.