The U.S. fiscal deficit reached $345 billion in August, ranking third in net interest expenses, with gold and Bitcoin rising
Source: CoinWorld
Time: 2025-09-12 17:23:12
The U.S. government's deficit reached $345 billion in August, and its spending $689 billion, far exceeding $344 billion in revenue. Major expenditures include $141 billion in Medicare and $134 billion in Social Security, with net interest expenditures of $93 billion, making it the third largest federal spending. The Fed is expected to cut interest rates by 25 basis points in September, although past easing has led to a rise in long-term yields, with the current 30-year Treasury yield at 4.7%. Rising inflation may further exacerbate the complexity of fiscal policy. Meanwhile, gold prices hit an all-time high around $3,670 an ounce, up nearly 40% year-to-date, with Bitcoin price breaking above $115,000 due to investors’ concerns about debt sustainability.