Snapshots are valueless. The deficit shot up to 3T in 2020, though I'm not really sure why (;. Then, in 2022 it was cut in half. It looks like we're on track to hit pre-Iraq War levels of deficit in another few years.
We haven't run a surplus since 2001, and I'd be very surprised if we continue to see the deficit decline. You can think of 2020/2021 as outliers because of all the pandemic spending assistance, and then taking them out, we're back on the same trendline since 2015, i.e. up. Likely will be even steeper if we get a recession later this year or next.
https://fiscaldata.treasury.gov/americas-finance-guide/natio...