BREAKING
US Budget Deficit Sees Sharp Increase
Latest data shows the budget deficit jumped 19% in July to $291 billion. This spike comes even after collecting $21 billion from higher import tariffs, which have driven up prices on goods like furniture, footwear, and auto parts.
For 2025 year-to-date, the deficit has reached $1.63 trillion — up 7% compared to the same period last year.
