U.S. Deficit Hits $316 Billion
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deficit issueCNBC
•Business
Business & Economics
U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago

72% Informative
The U.S. government drifted further into red ink during May , with a burgeoning debt and deficit issue getting worse.
The deficit totaled just over $316 billion for the month , taking the year-to-date total to $1.36 trillion .
Interest on the $36.2 trillion debt topped $92 billion .
Tariff collections also helped offset some of the shortfall.
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