⚠️The US budget deficit remains historically elevated

The US government is running the third-highest budget deficit ever

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In the first 8 months of Fiscal Year 2025, the US budget deficit hit a massive $1.365 trillion, the 3rd-largest in history.

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Over the last 12 months, the federal budget deficit totaled $2.0 trillion or 6.7% of US GDP, up from 6.1% in May 2024.

This comes as the US government spending has been at one of the highest levels in history, only below the 2020 Crisis response.

Interestingly, the Treasury Department also posted a record $22.8 billion in customs-duties revenue for May, up $17 billion, or 270%, from the same month a year earlier. This helped somewhat to shrink the budget deficit.

I recommend going through the below US debt analysis, if you have not yet, which consists of 44 pages of extremely important content, including charts.

How dangerous the US debt crisis has become? Part 1/2

The US government is spending as if the economy is in a recession. What are the consequences for ordinary people, taxpayers, savers, and investors?

globalmarketsinvestor.beehiiv.com/p/how-dangerous-the-us-debt-crisis

🚨Is the United States going to default on its public debt?

What is a Mar-a-Lago Accord and how it could reshape the global financial system?

globalmarketsinvestor.beehiiv.com/p/is-the-united-states-going-to-default-on-its-public-debt

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