The U.S. is now on pace to notch a $1 trillion deficit for the fourth year in a row, according to the Washington Times:
The federal government set a new monthly record deficit of $232 billion in February and has notched a total of $581 billion in the first five months of the fiscal year, according to the Treasury Department’s official count released Monday. ...
Treasury statistics are the official determination of the government’s finances. Monday’s figure is slightly worse than the nonpartisan Congressional Budget Office projected in its preliminary estimate last week.