US Budget Deficit Widens to $291 Billion Despite Record Tariff Revenue
TL;DR Summary
US tariff revenue hit a record $28 billion in July, but the overall budget deficit widened to $291 billion, reflecting ongoing fiscal challenges. Tariff income for the year is projected to reach $300 billion, potentially exceeding expectations, yet the deficit continues to grow due to increased interest costs and social spending, with the fiscal year ending with a significant shortfall.
- US July Tariff Revenue Jump Fails to Halt Wider Budget Deficit Bloomberg.com
- U.S. deficit grows to $291 billion in July despite tariff revenue surge CNBC
- US July budget deficit up 20% year-over-year despite record Trump tariff income AP News
- US budget deficit has widened by $109B from a year ago despite influx of tariff revenue Fox Business
- US federal budget deficit $-291.0 billion versus -$215.0 billion expected investingLive
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