US budget deficit has widened by $109B from a year ago despite influx of tariff revenue

US budget deficit has widened by $109B from a year ago despite influx of tariff revenue

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 Budget Office (CBO) on Friday released its monthly budget update for July, which found that the federal budget deficit totaled $1.6 trillion in the first 10 months of fiscal year 2025. That figure is $109 billion higher than it was for the same period…

US budget deficit has widened by $109B from a year ago despite influx of tariff revenue | The New York Ledger

The U.S. federal government’s yearly deficit spending has actually expanded by $109 billion up until now this in spite of an increase of tariff profits to the federal government’s coffers. The nonpartisan Congressional Budget plan Workplace (CBO) on Friday launched its regular monthly budget plan upgrade for July, which discovered that the federal deficit spending amounted to $1.6 trillion in the very first 10 months of 2025. That figure is $109…

Financial News Network - US budget deficit has widened by $109B from a year ago despite influx of tariff revenue

The federal budget deficit increased by $109 billion in first 10 months of fiscal year 2025 despite a $70 billion boost from the Trump administration's tariffs on imported goods.Read More …