First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/09/13/biden-administration-runs-biggest-deficit-of-the-year-in-august-003460
<p><img src='https://www.moneymetals.com/uploads/content/Biden-Administration-Runs-Biggest-Deficit-of-the-Year-in-August.jpg'/></p>In a year of massive deficits, the Biden administration ran the biggest deficit of the year in August. Meanwhile, interest on the national debt eclipsed $1 trillion for the first time.