February receipts came in at $313 billion, up $17 billion or 6% from a year earlier, while outlays for the month totaled $621 billion, up $17 billion or 3% from February 2025. The year-on-year monthly comparison reflected the first full month in the Trump administration.
Receipt growth was driven in part by a $15 billion increase in individual withheld income taxes in February, partly reflecting the payment of 2025 year-end bonuses, a Treasury official said. This was offset by a $7 billion increase in corporate tax refunds and a $6 billion increase in individual tax refunds driven by last year's Republican-passed tax cut legislation.
The report showed a slight cooling of net customs duties in February to $26.6 billion, compared with $27.7 billion in January and over $30 billion in the final months of last year.
But the Treasury official said the budget data largely does not reflect tariff reductions due to the Supreme Court's decision to strike down duties under the International Emergency Economic Powers Act as illegal, as tariffs are generally paid a month in arrears. The Customs and Border Protection agency stopped assessing those tariffs on imports starting on February 24.$BTC $ETH $BNB
US tariff revenue dropped by over $ four billion dollars in March. It's down almost 30% since October.
Tariff revenue totaling $22.15 billion came into US coffers in March, yet another monthly decline after President Trump backtracked on some duties and the US Supreme Court struck down others as illegal.
President Donald Trump ramped up pressure on Iran as Vice President JD Vance traveled to Pakistan for talks to end the war, with Israeli airstrikes in Lebanon and the Strait of Hormuz’s effective closure looming over diplomatic efforts.
Trump posted on social media Friday that Tehran’s only leverage is “short term extortion of the world by using International Waterways” — a reference to Hormuz, a critical shipping lane for oil and natural gas that remains largely shut, raising global energy prices. Trump declared that the “Iranians don’t seem to realize they have no cards.”
Bitcoin was trading right around $BTC 73,000 on April 10, up from $BTC 66,000 U.S. a week earlier. Ether was near $ETH 2,250 U.S. and back above the key support level of $2000. #btc #eth
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