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U.S. Government reports $291B deficit for July
CNBC Television· 2025-08-12 18:44
Brian, that's right. This report always is our best look at the tariff revenue. But first, top line here.It was a big deficit month for the US Treasury. The government ran a $291 billion deficit in July. That compares with about $183 billion deficit that was expected among economists surveyed by Dow Jones.Now, July is almost always a deficit month. There aren't any big tax due dates for either corporations or individuals. But that is still a big miss there compared to expectations.It's also significantly wo ...
Trump’s Big Beautiful Bill: What Investors Should Know About the Tax Plan
How concerned are clients about these deficits and the big beautiful bill. Like what's the vibe out there in terms of what you're hearing. I think investors are a bit confused um because I think they went into the start of this year with the new administration and whether it was all the conversations around Doge and cutting government spending, the secretary's comments around uh moving to, you know, 3% deficit to GDP ratio, and then they look at the reconciliation bill, and there's a bit of um h how does th ...