Group 1 - The U.S. Treasury Department reported a record increase in tariff revenue, reaching $30 billion in August, a 296% year-over-year surge, following President Trump's tariff hikes [1] - Despite the increase in tariff revenue, the federal budget deficit for August was $345 billion, a 15% increase compared to the same month last year, marking it as the third-largest deficit in the first 11 months of the fiscal year [1] - Cumulative tariff revenue for the fiscal year up to August reached $172 billion, with expectations from Treasury Secretary Mnuchin that it could approach an annualized level of $500 billion by year-end [1] Group 2 - Personal income tax revenue continued to grow in August, reflecting rising wage levels and increased employment, while corporate tax revenue saw a significant decline [2] - If tariff revenue remains at August levels, total tariff revenue for the year is expected to approach $300 billion, although there are concerns about potential legal challenges to the tariffs that could result in refunds of about half of the collected amounts [2]