World News Story Us Budget Deficit Hits All Time High Of 3 1 Trillion
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U.S. budget deficit shrinks to $1.78 trillion as tariffs hit record high
The U.S. deficit dropped to $1.78 trillion in 2025 as record tariff revenues helped offset record debt payments. Read More
US budget deficit dips in fiscal 2025 on boost from tariffs, education spending cuts
The U.S. budget deficit shrank by $41 billion to $1.775 trillion in the 2025 fiscal year as an increase in revenue from President Donald Trump's tariffs and cuts to education spending helped offset ... Read More
U.S. runs another huge budget deficit in 2025 — and the national debt hits another record
The U.S. government ran a slightly smaller budget shortfall in the most recent year thanks to higher tariff revenue — but the national debt still rose to another record high, and shows no sign of ... Read More
US Budget Deficit Hit $1.8 Trillion In 2025, CBO Reports
That number was just $8 billion less than the budget shortfall that was recorded during fiscal year 2024, according to estimates from the CBO. Revenues rose by an estimated $308 billion, or 6%, in ... Read More
US deficit-to-GDP ratio has room to come down, Bessent says
The U.S. deficit-to-gross domestic product ratio has room to come down to the 3% range, Treasury Secretary Scott Bessent said on Wednesday. Read More
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