US government faces $1.393 trillion deficit in 2023, increasing by $155 billion per month.

Here's the US deficit by month for both FY 2022 and FY 2023 YTD.

In March, when the regional banking crisis began, the US added a whopping $378 billion to the deficit.

September 2022 added $430 billion.

Follow us @KobeissiLetter for more as we unpack the latest deficit report. pic.twitter.com/PVAUAFp3D2

— The Kobeissi Letter (@KobeissiLetter) July 17, 2023