The U.S. government's budget deficit grew nearly 20% in July to $291 billion despite a nearly $21 billion jump in customs duty collections from President Donald Trump's tariffs, with outlays growing faster than receipts, the Treasury Department said on Tuesday.
Fun Fact: Donald Trump is responsible for 21.4% of the national debt.
-- Jon Cooper (@joncooper-us.bsky.social) Aug 10, 2025 at 8:33 AM
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