US fiscal year 2025 opens with a staggering $257 billion October deficit—$3 trillion annual pace.

It's either going to work or it's not. Here is the alternative t.co/cHZA2wHnPB pic.twitter.com/LMEI4tISZL

— zerohedge (@zerohedge) November 13, 2024

US Deficit Explodes: Blowout October
According to the latest Treasury data released today, in the first month of fiscal 2025 (October), the US spent a massive $584.2 billion, a 24.3% increase from the prior year, and a record government outlay for the month of October.

On a trailing 6 month moving average basis, to smooth out outliers months, the spending hit $586 billion, effectively at an all time high with just the record spending spree during covid pushing government spending higher.

www.zerohedge.com/economics/us-deficit-explodes-blowout-october-deficit-means-2nd-worst-start-us-fiscal-year-record