U.S. Department of the Treasury: In the first five months of this fiscal year, the budget deficit reached $1.15 trillion, setting a historical high for the same period

The deficit in the United States grew to $307 billion in just February. After adjusting for calendar differences, the deficit for this fiscal year has increased by 17% compared to the same period last year. The rise in Medicare costs and increased government debt interest expenses have exacerbated this expansion. When asked whether the federal spending cuts led by Musk's DOGE had any impact on the budget figures, an official mentioned that there were not many spending categories showing a significant decline