The U.S. budget deficit soared to $432.3 billion in July, the highest level since March 2021! Interest expenses on debt continue to rise.

According to the Zhitong Finance APP, the U.S. federal government's budget deficit in July has significantly expanded, reaching the highest level for a single month in over five years. A surge in Medicare spending, along with the enormous federal debt continuing to drive up interest costs, has further intensified fiscal pressure in the United States.