U.S. Budget Deficit Falls Year-over-Year in August
The U.S. Treasury reported the August 2025 federal budget deficit at $345 billion, down from $379 billion in August 2024, a 9% decline. The decrease was largely attributed to increased tariff revenues, though the cumulative deficit for the first 11 months of the fiscal year remains near $2 trillion, with both revenues and outlays at record levels. Analysts note that while the month-to-month decrease provides some relief, long-term fiscal pressures continue to shape the overall outlook.
Source 1: Newsmax, Source 2: Reuters
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