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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 debt set to surge to 120% of GDP as federal deficits spiral over next decade under new projections
A new analysis by the Committee for a Responsible Federal Budget shows that federal deficits and the national debt are expected to grow at a faster pace over the next 10 years. 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
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