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- U. S. Deficit Decreases 2. 8 Percent to $1. 8 Trillion in FY2025 . . .
In FY2025, the nation ended with a $1 78 trillion deficit, $50 billion (2 8 percent) less than FY2024 Leading to the decreased deficit impact was the record-setting tariff collections of $195 billion for FY2025, increased tax receipts, and modifications to the student loan program authorized in the 2025 reconciliation act While customs duties jumped significantly in FY2025, it still accounts
- Monthly Budget Review: Summary for Fiscal Year 2025
In fiscal year 2025, which ended on September 30, the federal budget deficit totaled $1 8 trillion—a decrease of $41 billion (or 2 percent) from the shortfall recorded in the previous year
- National Deficit | U. S. Treasury Fiscal Data
What is the national deficit? A deficit occurs when the federal government’s spending exceeds its revenues The federal government has spent $ 1 78 trillion more than it has collected in fiscal year (FY) 2025, resulting in a national deficit
- U. S. budget deficit lower in 2025; tariffs, debt payments . . .
The U S budget deficit edged lower for 2025 as record-setting tariff collections helped offset what also were unprecedented numbers for payments on the spiraling national debt The red ink would
- Trump said tariffs slashed the deficit, but the federal . . .
Trump said tariffs slashed the deficit, but the federal numbers tell a different story Federal figures show only a slight deficit drop from last year, and the gap grew during Trump’s time in office
- U. S. trade deficit drops 24% in August as Trumps tariffs . . .
The U S trade deficit fell by nearly 24% in August as President Donald Trump’s sweeping global tariffs pushed imports lower
- The Current Federal Deficit and Debt
See the latest numbers on the national deficit for this fiscal year and how it compares to previous years
- Deficit Tracker - Bipartisan Policy Center
Even as the U S economy expands, the federal government continues to run large and growing budget deficits that will soon exceed $1 trillion per year
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