US EditionTariff Revenue Hits $195 Billion for Fiscal 2025, CBO Says
Tariff revenue rose 153% to $195 billion under Trump’s policies but increased spending on interest and Social Security kept the deficit near $1.8 trillion, CBO data show.
- Wednesday the Congressional Budget Office reported the U.S. federal budget deficit was $1.8 trillion for the fiscal year ending Sept. 30, just $8 billion less than fiscal year 2024.
- Revenue data show a $308 billion, or 6%, increase in receipts for FY2025 as customs duties surged to $195 billion after tariffs imposed under President Donald Trump took effect.
- Interest payments on the national debt topped $1 trillion, boosting spending, while Social Security benefits rose $121 billion, and DOE spending fell $234 billion after executive orders.
- U.S. Treasury data show the national debt at $37.86 trillion, and Treasury Secretary Scott Bessent pledged to cut the deficit-to-GDP ratio to 3% by 2028 despite interest payments exceeding $1 trillion.
- The Committee for a Responsible Federal Budget urged a fiscal commission and a 'Super PAYGO' rule to restore discipline, while the Congressional Budget Office projects debt could reach 118% of GDP by 2035.
14 Articles
14 Articles
CBO reports $1.8 trillion federal deficit as debt costs hit record $1 trillion
The Congressional Budget Office (CBO) on Wednesday released data showing the federal government ran a $1.8 trillion budget deficit in fiscal year 2025 amid mounting interest costs on the nearly $38 trillion national debt.The CBO estimated that the shortfall was slightly smaller than the prior year's deficit, with the preliminary FY2025 deficit totaling $1.809 trillion versus the $1.817 trillion deficit recorded in FY2024.One of the most signific…
Tariffs Are Way Up. Interest on Debt Tops $1 Trillion. And DOGE Didn’t Do Much.
Control of the White House changed in fiscal year 2025, but the U.S. budget picture didn’t. It remains grim. Despite a historic rise in tariff revenue, the deficit was the same in the year ended Sept. 30, 2025, as the previous year. That is largely because the main drivers of spending kept rising: social programs, including Social Security and Medicare, and interest on the public debt, which topped $1 trillion by one measure for the first time.
$1.8 trillion deficit revealed during 'pointless and wasteful government shutdown,' budget watchdog says
The Committee for a Responsible Federal Budget (CRFB), Washington, D.C.’s leading nonpartisan budget watchdog, has sharply criticized the recent government shutdown as “pointless and wasteful” while unveiling the staggering $1.8 trillion federal deficit for the fiscal year 2025. This fiscal gap, reported by the Congressional Budget Office (CBO) in its Monthly Budget Review, reflects ongoing concerns about the nation’s fiscal path amid political …
Federal Deficit Reaches $1.8 Trillion As U.S. Interest Payments Top $1 Trillion For First Time - Worthy Christian News
by Emmitt Barry, with reporting from Washington D.C. Bureau Staff (Worthy News) – The U.S. federal government ended fiscal year 2025 with a $1.8 trillion budget deficit, according to estimates released Wednesday by the Congressional Budget Office (CBO)–a figure only marginally smaller than last year’s record shortfall, even as tariff revenue surged under President Donald Trump’s trade policies. The report revealed that interest payments on the n…
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