The federal government logged a $1.8 trillion budget deficit for the 2025 fiscal year, little changed from 2024 despite a surge in tariff revenues, according to the Congressional Budget Office.
The shortfall for the year that ended Sept. 30 was just $8 billion less than 2024, the nonpartisan Congressional Budget Office said in a release on Wednesday.
While the Treasury Department issues the official tally for monthly and annual budget figures, plans for publishing the September monthly and 2025 fiscal-year data may be affected by the current federal government shutdown. A spokesperson for the Treasury Department didn’t respond to a ...
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