Another record month of spending with the U.S. running a $316B deficit in May. That brings FY25 total to a deficit of $1.365T & at the same point in FY24, the deficit was $1.202T. Bessent’s goal of cutting Deficit / GDP down to 3% & apparently now 4% only happens if they choose to cut spending (failed at the attempt at austerity) OR choose to run it hot…