Prices rising everywhere. When do we rein in the relentless deficit spending that leads to inflation?

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Import prices in US rose 1.9% month over month.

This was higher than expected (forecast around 1.0%).

Export prices rose 1.3% month over month.

This was also higher than expected (forecast around 0.9%).

Import prices up big because of fuel and other goods costs.

Year over year, import prices rose 6.7% — biggest jump in long time.

Export prices up 11.2% year over year.

Shows inflation pressure from imports is still strong.

Data from US Bureau of Labor Statistics.

The deficit spending crisis is in full-swing.

The US Treasury’s budget deficit fell -$23 billion YoY, or -7% in May, to $293 billion.

However, adjusted for the timing of certain government payments that shifted between months, the May deficit would have been +$74 billion larger than a year ago.

In the first 8 months of the FY2026, the US deficit hit $1.25 trillion, the 3rd-highest in history.

This is only below the $1.37 trillion recorded over the same period in FY2025 and the $2.06 trillion seen during the 2021 pandemic recovery.

Meanwhile, net interest rose +$59 billion YoY, or +8% in the first 8 months of the FY2026, to a record $723 billion, tracking as the 2nd-largest government outlay only behind Social Security.

There is no long-term plan here.