Tariff income won’t come close to balancing the federal fisc.

The government fiscal year closes at the end of September, but this analysis will look at the calendar year budget.

The U.S. government recorded a $244 billion budget deficit for July, up 10% from a year earlier, but accounting for calendar differences, the gap would have been $45 billion narrower, the Treasury ...

The Treasury Department reported on Friday that the budget shortfall increased by $64 billion to $1.3 trillion in the first ...

The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year — the second highest six-month deficit on record, according to Treasury Department data ...

The data shows that tariff revenues are starting to build into a significant revenue contributor ahead of an August 1 ...

The US federal budget deficit grew between October and June compared to the same period last year, despite the increase in tariff revenues, according ...

The average taxpayer’s piece of the $37-trillion federal debt is about $240,000, or six years of the median income.

The US government saw its budget deficit widen from the prior year in the October to June period as spending rose, but customs duties surged to a record after President Donald Trump's wide-ranging ...

Financial problems are piling up at Chicago Public Schools, amid the district’s growing budget deficit and more cuts from the ...

WASHINGTON (AP) — The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year — the second highest six-month ...