US EditionUS posts record $145 billion December deficit as outlays outpace receipts
December deficit surged 67% to $145 billion due to record military spending and shifted benefit payments, Treasury says, despite tariff revenue plateauing near $28 billion.
- On Jan 13, the U.S. government posted a $145 billion December deficit, a record for the month, due to record outlays inflated by calendar shifts, the Treasury Department said.
- Benefit-Payment timing shifted $32 billion in January 2026 into December and $80 billion in December 2024 into November, inflating outlays, Treasury official said.
- Customs revenues showed December net customs receipts of $27.9 billion and $602 billion for the first three months of fiscal 2026, far above prior-year levels.
- The quarter's totals put the first three months of fiscal 2026, which started October 1, 2025, at a $602 billion deficit amid record receipts and outlays, with public debt interest rising $46 billion to $355 billion.
- The Trump administration cut tariffs in November, including 10-point reductions on imports from China and South Korea, while the Supreme Court could soon rule on legal challenges that would reduce customs receipts.
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Data suggest that increased revenue from President Donald Trump's tariffs may have reached a plate
The Canberra Times
The West AustralianUS posts record $145b budget deficit for December
A new report from the US Treasury shows that revenue growth from President Donald Trump's tariffs may have...
US posts record $145 billion December deficit as outlays outpace receipts
The U.S. government posted a $145 billion budget deficit for December, up 67% or $58 billion from a year earlier due to record outlays that were inflated by calendar shifts in benefit payments and receipts, the Treasury Department said on Tuesday.
The U.S. budget deficit jumped significantly in December. The deficit increased to $144.749 billion from $86.732 billion a year earlier, the U.S. Department of the Treasury said on Tuesday.
US December Budget Deficit Jumps to Record $US145 Billion as Military Spending Surges and Tariff Revenues Show Signs of Levelling Off
The US government posted a $US145 billion ($A217 billion) budget deficit in December, marking a sharp deterioration in the monthly fiscal position and highlighting the impact of higher spending, calendar shifts in benefit payments and signs that tariff-related revenue growth… The post US December Budget Deficit Jumps to Record $US145 Billion as Military Spending Surges and Tariff Revenues Show Signs of Levelling Off appeared first on The Asia Li…
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