See https://www.cbo.gov/publication/58416/html
The federal government incurred a deficit of $217 billion in August 2022, CBO estimates—$47 billion more than the deficit recorded last August. The federal budget deficit was $944 billion in the first 11 months of fiscal year 2022 (that is, from October 2021 through August 2022), the Congressional Budget Office estimates—$1.8 trillion less than it was at the same point last year.
So $1.8 trillion less sounds good, but this is based on about $800 billion of new receipts and only $900 billion of less spending. When the next recession hits, which could be next year, we could be looking at a $2 trillion deficit.
Also, the national debt is right at $30.9 trillion, and it should hit $31 trillion next week when the new fiscal year begins.
