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Benzinga
  • 3 hours ago
The U.S. budget deficit topped $1T through February, though 12% lower YoY as tariff revenues surged 294% to $151B — surpassing corporate tax receipts for the first time. Net interest on the $39T national debt hit $79B in February alone, ahead of the Supreme Court's tariff ruling appearing in the data.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02The U.S. budget deficit surpassed $1 trillion for the fiscal year through February,
00:07according to CNBC. Data from the Treasury Department released on Wednesday showed that
00:12the total was about 12% lower than the same period in 2025 as revenues rose faster than
00:18government spending. The government recorded a $308 billion deficit in February, roughly in line
00:24with the same month a year earlier. Customs duties totaled $151 billion through the first five
00:31months of the fiscal year, up $113 billion, or 294%, from a year earlier. Corporate tax revenue fell
00:40$27 billion, or 17%, from a year earlier, leaving tariff revenues higher than corporate tax receipts
00:47for the fiscal year to date. The recent Supreme Court decision striking down many of Trump's tariffs
00:52has not appeared in the data yet. Net interest payments on the nearly $39 trillion national
00:58debt totaled $79 billion in February. For all things money, visit Benzinga.com.
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