The U.S. budget deficit has surged dramatically, surpassing $1 trillion, marking a new year-to-date record. Recent reports indicate that the budget gap has reached $1.1 trillion for the fiscal year so far, exceeding expectations. February alone saw a deficit of $307 billion, contributing to the substantial borrowing trend, with estimates suggesting federal borrowing at $8 billion per day. The Congressional Budget Office (CBO) also projects a $1.1 trillion deficit for the first five months of FY 2025, suggesting a deeper financial imbalance.