The federal budget deficit increased by $109 billion in first 10 months of fiscal year 2025 despite a $70 billion boost from ...

WASHINGTON -- The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury ...

The U.S. government's budget deficit grew nearly 20% despite a nearly $21 billion jump in customs duty collections from Trump ...

U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the ...

President Donald Trump's increased tariffs on U.S. imports from foreign countries could reduce the national deficit by $4 ...

In other words, a president alone cannot set the course to a budget deficit or surplus. Further, Snopes examined deficit relative to GDP, which revealed a slightly different picture. In July 2025, a ...

U.S. budget deficit grew 20% in July despite record tariff revenue, driven by higher spending and rising national debt.