Fact Check: "The annual tally was 14% higher than a year ago"
What We Know
The claim that "the annual tally was 14% higher than a year ago" appears to reference a specific financial or economic metric. A recent report indicated that the U.S. budget deficit hit $316 billion in May 2025, which is indeed noted to be "14% higher than a year ago" (source-5). This suggests that the claim is accurate in the context of the U.S. budget deficit.
Analysis
The source of the claim regarding the 14% increase is a CNBC article that discusses the U.S. budget deficit. CNBC is generally considered a reliable source for financial news, but it is important to note that the context of the claim is crucial. The article specifies that the annual tally refers to the budget deficit for May 2025 compared to May 2024 (source-5).
While the claim itself is factually correct regarding the specific metric of the budget deficit, it is essential to clarify that this figure may not represent a broader economic trend or other financial metrics. Other sources provided, such as the JOLTS data on job quits (source-1), do not directly relate to the budget deficit and therefore do not support or contradict the claim.
Conclusion
Needs Research. While the claim about the annual tally being 14% higher than a year ago is accurate in the context of the U.S. budget deficit, it lacks broader context regarding what specific metric is being discussed. Further investigation into other economic indicators would be necessary to fully understand the implications of this figure and whether it reflects a significant trend in the economy.
Sources
- U.S. budget deficit hit $316 billion in May
- Table 4. Quits levels and rates by industry and region, seasonally
- U.S. Cyber Victim Total Tops 1 Billion for Data Compromises
- 2024 Annual Performance Report
- Labor force characteristics by race and ethnicity, 2020
- Fed Data: Consumer Revolving Credit Jumps to Nearly 14 ...
- Fundraising Surges Even as Dry Powder Stacks Higher
- 2014 Venture Capital Report
