Federal budget deficit grows $92B to nearly $2T even as Trump tariffs increase revenue

The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and Medicare costs as well as interest expenses despite tariffs. Read More

US Deficit Tracks Third-Highest Ever Even as Tariff Take Rises

US tariff revenue hit a new monthly record in August, reflecting President Donald Trump’s tariff hikes, though that still left the federal government with the third-biggest deficit on record so far ... Read More

US August deficit falls to $345 billion as tariff revenues rise

The U.S. budget deficit for August fell $35 billion or 9% from a year earlier to $345 billion as President Donald Trump's tariffs pushed net customs receipts up by about $22.5 billion for the month, ... Read More

Trump’s tariffs could slice a stunning $4 trillion from the US deficit

President Donald Trump attends a cabinet meeting with members of his administration in the Cabinet Room of the White House on August 26, 2025 in Washington, DC. Getty Images Here’s another ... Read More

Bessent says US tariff revenue could be well over $500 billion a year

Aug 26 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top $500 billion a year, with a substantial jump from July ... Read More

Trump’s Fiscal Policy Under Scrutiny as Deficit Debate Intensifies

As the national conversation around fiscal responsibility gains momentum, Yardeni Research President Ed Yardeni has offered his analysis on President Donald Trump’s economic approach during a recent ... Read More

OMB forecast: Trump's economic agenda will cut deficit by half over the next 10 years

Trump's budget officials project a 50% deficit reduction over 10 years, though outside analysts warn the forecast relies on aggressive assumptions that may prove difficult. Read More