U.S. Treasury Secretary Scott Bessent took a victory lap as his department reported an unexpected increase in receipts from ...

The Trump administration's tariffs promise significant federal revenue, but rising inflation raises concerns. As the Federal ...

President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.

A new survey by the Federal Reserve reveals President Donald Trump’s sweeping tariffs are already costing consumers.

Tariff revenue quadrupled compared to a year ago and cost savings increased sharply in June to help the federal government ...

The Congressional Budget Office reported federal revenues are starting to surge, as they are up about 18% since June.

Tariff revenues have brought in more that $113 billion so far this year, according to the Treasury Department data. The U.S. received more than $27 billion in customs duties in June alone.

The causal pathways by which tariffs could cause a recession seem dormant. Trade policy turmoil is the new normal, and may ...

Economists broadly expect the tariffs to add 1 to 1.5 percentage points to the inflation rate by the end of the year, which could leave it between 3.5% and 4%. Inflation peaked at 9% in 2022 and got ...

House Speaker Mike Johnson touted an alleged federal budget surplus for June 2025, the first since 2017, and said with ...

The higher rates suggest Trump may raise tariffs on certain countries beyond the levels outlined in his April 2 “Liberation ...

Eliminating $2 trillion annual deficit would require increasing revenue, decreasing spending, or a combination of the two.