#noticiascripto 🚨U.S. has the third largest monthly deficit in history, with the May budget deficit of $316 billion

The U.S. Treasury confirmed on Wednesday that the federal budget deficit for May reached $316 billion, placing it among the three largest monthly deficits ever recorded.

This comes right after the brief surplus in April, which was only possible due to a wave of tax payments that could not contain the flood of spending.

So far, in fiscal year 2025, the total deficit has reached $1.36 trillion, which is 14% higher than where the accounts were at this time last year. The data was published by the Treasury Department, according to its latest report.

But the May numbers were still 9% smaller than those of May 2024, a minor drop that doesn't mean much when costs continue to rise. A significant part of the pressure comes from interest payments, which have spiraled out of control. With total U.S. debt at $36.2 trillion, the government had to spend $92 billion just on interest in May.