First published by Money Metals here: https://www.moneymetals.com/news/2018/05/07/plan-for-national-bankruptcy-001473

The federal government just racked up its largest ever quarterly deficit at $488 billion, and nobody is talking about it. But of course they aren’t. The federal government has been running deficits nearly every quarter for the past fifty years so there have been plenty of new records in the past decade.