Feds runs another massive budget deficit in July despite surge in tariff revenue

Despite triple the amount of tariff income, the July budget deficit surged to $294.14 billion, 19 percent higher than a year ago, according to the Monthly Treasury Statement. And the sad fact is that, given the political incentives, people in power will always kick the debt can down the road. Despite triple the amount of tariff income, the July budget deficit surged to $294.14 billion, 19 percent higher than a year ago, according to the Monthly Treasury Statement.

Author: Enter Stage Right

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