|
US Taxpayer Exposure
Financial Bailouts of 2008.
From Quarterly Reports
of the Special Inspector General for TARP
| as of Dec. 31, 2013 | |||
| Gross US Government Bailout Outlays | $4.6 trillion | ||
| Includes gross TARP outlays, US Treasury outlays, and Federal Reserve outlays (not including repayments) | |||
| Net US Government Bailout Outlays (after repayments) | $3.3 trillion | ||
| Includes net TARP outlays, US Treasury outlays, and Federal Reserve outlays (less amount of repayments to US government) | |||
| US Government Bailout Guarantees | $16.9 trillion | ||
| Includes guarantees from US Treasury, Federal Reserve and other US government agencies | |||
Notes:Gross Outlays are actual expenditures of the US Treasury and/or the Federal Reserve Board to assist institutions during the financial crisis of 2008. For instance, under TARP the US government injected capital into big financial institutions to bolster their balance sheets. Net Outlays are actual expenditures of the US Treasury and/or the Federal Reserve Board less the amounts repayed by the recipients since the financial crisis of 2008. Guarantees are undertakings by US Treasury and/or the Federal Reserve Board to provide assistance during the financial crisis if needed. For instance the Federal Reserve Board asserted that it would guarantee $5.5 trillion in money market funds without actually lending any money to anyone. | |||
Sources:October 29, 2013 SIGTARP Quarterly Report to Congress April 25, 2012 SIGTARP Quarterly Report to Congress January 26, 2012 SIGTARP Quarterly Report to Congress October 27, 2011 SIGTARP Quarterly Report to Congress July 28, 2011 SIGTARP Quarterly Report to Congress April 28, 2011 SIGTARP Quarterly Report to Congress January 26, 2011 SIGTARP Quarterly Report to Congress October 26, 2010 SIGTARP Quarterly Report to Congress July 21, 2010 SIGTARP Quarterly Report to Congress April 20, 2010 SIGTARP Quarterly Report to Congress | |||
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Federal Deficit, Receipts, Outlays Actuals for FY 2025
On October 16, 2025, the US Treasury reported in its Monthly Treasury Statement (and xlsx) for September that the federal deficit for FY 2025 ending September 30, 2025, was $1,775 billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2025 federal budget published in February 2024:
| Federal Finances FY 2025 Outcomes | |||
|---|---|---|---|
| Budget billions | Outcome billions | ||
| Receipts | $5,485 | $5,235 | |
| Outlays | $7,226 | $7,010 | |
| Deficit | $1,781 | $1,775 | |
We use the spending projections from the FY 2025 budget because the Federal government did not publish spending projections in its Budget for Fiscal Year 2026 as originally published in May 2025.
The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2025 and Other Periods." This table of receipts by source is used for usgovernmentspending.com to post details of federal receipt actuals for FY 2025. usdgovernmentspending.com obtains the data for outlays and receipts from apis at fiscaldata.treasury.gov.
This MTS report on FY 2025 actuals is a problem for usgovernmentspending.com because this site uses Historical Table 3.2--Outlays by Function and Subfunction from the Budget of the United States as its basic source for federal subfunction outlays. But the Monthly Treasury Statement only includes "Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, September 2025 and Other Periods". Subfunction amounts don't get reported until the FY27 budget in February 2026. Until then usgovernmentspending.com estimates actual outlays by "subfunction" for FY 2025 by factoring subfunction budgeted amounts for FY25 by the ratio between relevant actual and budgeted "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.
usgovernmentspending.com/bailout
presented by Christopher Chantrill
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