According to the Treasury Department, America’s deficit surpassed the $1 trillion mark this February. The deficit reached $307 billion for the month, marking a 2.5X increase on a monthly basis and 3.7% higher on an annual basis. The deficit for the first five months of FY25 hit $1.15 trillion, a $318 billion increase (+38%) from the same period last year. America is paying $74 billion simply to finance this debt, with interest payments over the FY rising to $396 billion. https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/us-deficit-surpassed-1-trillion-in-february/