The first four months of Fiscal Year 2025 have been alarming for the US economy, with a federal budget deficit reaching a staggering $838 billion. This figure is $306 billion more than the deficit recorded during the same period last fiscal year.
The United States is now running an annual deficit of $2.5 trillion. Several factors have contributed to this increase in the deficit. Higher mandatory spending on programs like Social Security and Medicare, along with increased interest payments on the national debt, are key drivers. The Congressional Budget Office (CBO) has projected that interest costs alone will reach $1 trillion annually in the near future.
Poster Comment:
The banks are in deep trouble borrowing record amounts just to stay afloat. Expected 2025 S&P 500 earnings growth in freefall
https://citizenwatchreport.com/the-banks-are-in-deep-trouble-borrowing-record- amounts-just-to-stay-afloat-expected-2025-sp-500-earnings-growth-in-freefall/