The U.S. budget deficit fell 2% to $1.78 trillion for fiscal 2025, as record tariff revenue offset declining corporate tax receipts. Tariffs generated $195 billion amid President Donald Trump’s trade ...

Revenue from tariffs hit a record high of more than $16 billion in April, helping to reduce the pace of the U.S. budget deficit accumulation, the Treasury Department said on Monday. Customs duties ...

July US customs duties triple to nearly $21 billion from $7 bln a year earlier Fiscal year-to-date deficit tops $1.6 trillion Social Security, healthcare, debt interests costs continue to grow Aug 12 ...

The U.S. federal government's annual budget deficit has widened by $109 billion so far this fiscal year despite an influx of tariff revenue to the government's coffers. The nonpartisan Congressional ...