A recent report reveals that the annual budget deficit has reached a staggering $900 billion. This is a result of a decrease in government revenue by 15% compared to last year, while government spending has increased by 10%. The report also highlights the growing national debt, which now stands at over $23 trillion. Experts warn that if this trend continues, it could have serious consequences for the economy in the long term. The government is facing pressure to address this issue and find ways to reduce the deficit and tackle the growing debt.