US budget deficit rises nearly 20 percent in July

Feds Runs Another Massive Budget Deficit in July Despite Surge in Tariff Revenue

Feds Runs Another Massive Budget Deficit in July Despite Surge in Tariff Revenue Uncle Sam is cashing in on tariff revenue, but it’s not keeping up with his out-of-control spending habits. Mike Maharrey Fri, 08/15/2025

US budget deficit rises nearly 20 percent in July

The U.S. budget deficit widened by nearly 20 percent to $291 billion in July, even as customs revenue jumped by nearly $21 billion, the Treasury Department said. The problem is that spending is growing faster than revenue, so the deficit continues to grow. The deficit is 19 percent, or $47 billion, wider than a year ago. Revenues rose 2 percent, or $8 billion, to $338 billion in the 7th month, while spending jumped 10 percent, or $56 billion, to…

Trump’s tariffs aren’t closing the US budget gap — are they backfiring?

Despite grandiose claims about his tariffs bringing in billions in revenue, President Donald Trump cannot seem to help the escalating budget deficit. That is not taking into account how it is the American consumer that pays the tariff and not foreign importers. The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Trump’s tariffs, according to Treasury Department…

U.S. July budget deficit up 20% year-over-year despite record Trump tariff income

WASHINGTON, D.C. August 14, 2025 — The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury Department data. The U.S. saw a 273% increase — or $21 billion — in customs revenue in July over the same period last year, the data showed. A Treasury official who spoke on the condition of anonymity to preview the data said over…