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And, while tariff revenue surged 270% YoY, to a record $23 billion, it barely made a dent in the deficit.

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The 12-month federal deficit now stands at $2.0 trillion, or 6.7% of GDP, up from 6.1% a year ago.

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BREAKING: The US Treasury posted a $316 billion budget deficit in May, the third-largest on record.

This comes as total government outlays rose 3% from YoY, to $687 billion, per ZeroHedge.

And, while tariff revenue surged 270% YoY, to a record $23 billion, it barely made a dent… pic.twitter.com/o7Ac7DvfgA

— The Kobeissi Letter (@KobeissiLetter) June 25, 2025

Detmersdislocatedshoulder said:

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this more than anything else will lead to the downfall of our country.

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zoneag said:

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Yeah, but just wait until those spending cuts kick in, in 2029

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fightintxag13 said:

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"When the people find that they can vote themselves money, that will herald the end of the republic."

-Benjamin Franklin

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