🇺🇸 JUST IN: US Budget Deficit Hits $316B in May — 3rd Largest on Record
The United States posted a $316 billion deficit in May, marking the third-largest monthly shortfall in history. Over the past 12 months, the federal budget gap has soared to $2 trillion, despite collecting record-high tariff revenues.
📉 The growing deficit highlights escalating fiscal pressure and raises concerns over the sustainability of current spending levels.
❓Will rising deficits impact interest rates, inflation, or the future of US economic policy?