Let's bring in Joe Leavia, counselor to the Treasury Secretary to discuss this. Joe, uh, it's great to have you on to to kind of flesh this out a little bit. And I I guess first of all, most important I would be to get at what the drivers of this narrower deficit are and whether they're structural, whether they're durable, whether they're going to continue because I mean you hear things about obviously tariff revenue, uh pretty high capital gains tax collections and then some maybe foregone spending that ma ...

The US budget deficit declined slightly for the 2025 fiscal year as tariff revenue hit a record high, though the pace of borrowing remains historically elevated at a time of economic expansion and financial stability https://t.co/CzwOcaOunT ...

RT Andrew Isker 🌳🪓 (@BonifaceOption)What if the entire government just remained forever shut down and Trump just unilaterally did appropriations via tariff revenue? ...

President Trump said this week that Americans could receive a cut of tariff revenue. Here's why it might be a good idea to invest those funds in Bitcoin. https://t.co/NxboyhpglZ ...

🇺🇸 UPDATE: Trump says he may distribute up to $2,000 per person from tariff revenue as a direct dividend. https://t.co/APh1FSqzp6 ...

Government Policy & Economic Stimulus - The U_S government is considering providing taxpayers with stimulus checks ranging from $1,000 to $2,000 [1] - The stimulus checks would be funded using tariff revenue [1] Cryptocurrency Market - There is a call to invest in cryptocurrency [1]

Government Policy & Economic Stimulus - The government is considering stimulus checks for all taxpayers, ranging from $1,000 to $2,000 [1] - The stimulus may be funded using tariff revenue [1]

Policy Announcement - Trump announces the American people may receive a dividend paid via tariff revenue [1] Source - Polymarket reports on Trump's announcement [1]

🚨JUST IN: US TREASURY SECRETARY, BESSENT, DISCLOSES PLANS TO UTILIZE TARIFF REVENUE TO REDUCE THE US DEBT ~ WATCHERGURU ...

Tax and Spending Bill & Economic Impact - The alternative to passing the bill is a $4 trillion tax hike on American workers and businesses, potentially leading to recession and increased debt [3] - Passing the bill is expected to stimulate the economy through investment incentives like full expensing on new factories and equipment, potentially leading to reshoring and manufacturing resurgence [4] - The bill is projected to reduce the deficit by approximately 85% to 11 trillion over time [5] - The CBO's deficit calculations are considered incomplete as they do not fully account for economic growth, tariff revenue, and administrative reductions resulting from the bill [5] Revenue Generation - The bill is expected to generate approximately $4 trillion in increased revenue over a decade from improved economic growth due to tax incentives, deregulation, and increased investment [8] - Tariff revenue is projected to contribute $3 trillion over a decade towards deficit reduction [6][9] - Spending reductions from government efficiency efforts are estimated at $15 trillion over a decade [9] - Reduced interest expenses due to decreased borrowing are expected to contribute $15 trillion over a decade [9] Tariff Policy & Trade - The US has various tariff programs in place, each with different justifications, including national security, anti-dumping measures, and addressing trade deficits, all of which generate revenue [12] - Current tariff levels are close to the President's campaign trail proposals of 10% on the whole world and 50% on China [14] - The US anticipates framework announcements by July 9th, with countries potentially offering concessions to maintain lower tariff rates and increase access to US goods [15] China Trade Relations - The future of China tariffs depends on concessions made by the Chinese government [19] - The Phase One trade deal in 2019 included chapters on intellectual property and market access, but the Chinese walked away from it [18][19]