The deficit jumped 19% to $291B in July. This is despite $21B collected from Americans due to higher import taxes, which led to higher costs on goods like furniture, footwear, and auto parts.
The deficit for 2025 is already $1.63 trillion, up 7% from the last year.
The deficit jumped 19% to $291B in July. This is despite $21B collected from Americans due to higher import taxes, which led to higher costs on goods like furniture, footwear, and auto parts.
The deficit for 2025 is already $1.63 trillion, up 7% from the last year.