The US Treasury has announced a $345 billion budget deficit for August 2025, marking the second-worst August on record. With the fiscal year nearing its end, the annual deficit is expected to reach $1.97 trillion, making it the third-largest in US history. Despite increased federal revenues from tariffs, spending continues to exceed income, driven by rising social insurance costs and interest payments on the national debt, which has reached $37.43 trillion. As deficit spending escalates, investors are increasingly turning to gold and Bitcoin as safe havens. Bitcoin has rebounded to $115,000, reflecting growing interest in alternative assets amid concerns over fiscal sustainability. Analysts anticipate further increases in the value of these assets as economic uncertainties persist.