BREAKING: The US federal deficit reached 1.8 trillion in FY2025, according to CBO estimates. This equals 6.0% of GDP, one of the highest readings outside of WWII, the 2008 Financial Crisis, and the 2020 Pandemic. It marks the 4th-largest budget gap on record, behind the 3.1 trillion and 2.8 trillion deficits during the pandemic response in 2020 and 2021. Interest payments alone rose by +80 billion, surpassing 1 trillion for the full year for the first time in history. The US debt crisis has reached another level.(The Kobeissi Letter)