Category: Business & Economy

The U.S. government’s deficit has reached unprecedented levels, with $1.25 trillion in spending during the first two months of the 2025 fiscal year alone (The federal fiscal year begins on October 1 and ends on September 30 of the following year). Rising deficits, driven by record spending and interest payments, are forcing higher interest rates, compounding debt burdens, and fueling persistent price inflation. Without meaningful budget cuts—an increasingly unpopular option—these economic pressures are set to intensify, impacting consumers and taxpayers alike.