U.S. Deficit Falls As Tariff Boom Offsets Record Debt Payments

Benzinga 2025-10-17

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The U.S. deficit fell 2.2% to $1.78T in 2025 as record $202B in tariff revenues offset record-high $1.2T interest costs. The shortfall equaled 5.9% of GDP, the lowest since 2022, amid Fed signals of rate cuts.
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