US Runs Largest Monthly Budget Deficit in Five Years
The Trump administration posted the biggest monthly U.S. budget deficit in five years, with tariff revenue not enough to offset heavy spending.
The U.S. government recorded its largest monthly budget shortfall in five years, according to the post.
Tariff receipts were insufficient to cover elevated federal spending, leaving the deficit exposed rather than papered over by additional revenue.
The update points to continued fiscal pressure under the current administration, though no specific deficit figure was provided.
Source: FXStreet Forex News