U.S. Deficit Falls As Tariff Boom Offsets Record Debt Payments
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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Some 47% of U.S. adults are “not very" or “not at all confident” they could find a good job if they wanted to.
It also saw the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic.
