$314 billion deficit in May 2025

 Read: https://www.cbo.gov/publication/61302/html

The fiscal year to date deficit is now $1.363 trillion, compared to $1.202 trillion at the same time last fiscal year.

FYTD interest is $674 billion, compared to $588 billion as of 4/30/25, so the interest in May was $86 billion.

DOD spending is $581 billion FYTD, so we now have seen interest permanently outspend defense.

The Treasury General Account has a closing balance on 5/30/25 of $351 billion, so it should have enough cash to cover June's deficit, but probably not July, so the debt limit should be raised soon.

The Federal Reserve had a cumulative deficit of $230.7 billion as of 5/28/25, compared to $227.7 as of 4/30/25, so it is still showing a loss of about $3 billion per month, which is not good.

The total US deficit for FY 2025 should be right at $2 trillion, with $1 trillion primary deficit and $1 trillion interest.  I am not seeing any savings from DOGE.

The debt to the public is now just below $30 trillion, essentially unchanged since January, but it will soar over $1 trillion, as soon as the limit is changed, probably in July.