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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…
13.3.2025
Bessent: We’re going to cut Fiscal / GDP to 3% down from 6.4%
February Deficit: Hold My Beer DOGE
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