The current US federal budget debt (11 months) moves over 1 trillion dollars (GDP=4.4%), causing further US dollar weakness. It is related to 9% increase in US military costs and paying the interest rates of bonds in August. Moreover Social Security costs improve 10% every year.
A key issue to remember is that US taxes will be paid on September so the situation is expected to become better!
The highest US federal budget debt is related to 2009, with 1.4 trillion dollar deficit!
