The Federal government took in a record amount of tariff revenue in October. It also ran the highest October budget deficit on record.

If saved by the Supreme Court, the tariffs are also expected to shrink the economy and cause inflation to spike.

The U.S. government posted a higher $284 billion deficit for October in a report delayed and impacted by the recent federal government shutdown and reflecting record tariff revenues offset by a shift of some November benefit payments into last month's data,

During October, tax revenue remained robust at $404 billion, suggesting that the impact of October’s 20-year high in layoffs has yet to be felt.

Wisconsin Sen. Ron Johnson shot down President Trump’s proposal to shell out $2,000 tariff dividend checks to Americans before the 2026 midterm elections, arguing that money should be used

Federal figures show only a slight deficit drop from last year, and the gap grew during Trump’s time in office

The president believes tariff revenue could completely replace federal income taxes within four years, despite current tariffs bringing in just one-tenth of what would be needed.

Everyone in my public school third-grade class learned arithmetic. Apparently, this puts us way ahead of Donald Trump and much of the punditry. They

The U.S. trade deficit fell by nearly 24% in August as President Donald Trump’s sweeping global tariffs pushed imports lower.

With the federal government’s partial shutdown over, the Treasury Department has issued its October report on tax receipts and outlays. Unfortunately, in spite

US President Donald Trump used a series of charts published on his Truth Social account on Tuesday evening to underline what he claims are early economic successes of his second term, citing improvements in the federal deficit,