00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. budget deficit narrowed to $1.78 trillion in fiscal 2025, down 2.2% from the previous year
00:08as record tariff revenues offset soaring interest costs, and according to CNBC,
00:14tariff collection surged 142% to $202 billion under Trump's trade policies,
00:19marking a key factor in this smaller shortfall.
00:22That was equal to 5.9% of GDP, the lowest since 2022,
00:26will interest payments on the $38 trillion national debt in a record $1.2 trillion,
00:31surpassing the Fed spending.
00:33Government collected $5.2 trillion in revenue and spent just over $7 trillion for the fiscal year
00:38as the Fed signal rate cuts to ease financing pressure.
00:41For all things money, visit Benzinga.com.
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