💥🇺🇲US Government Deficit Drops 26% in January
The U.S. government started 2026 on a strong fiscal note, reporting a $95 billion budget deficit for January—a significant 26% drop from the previous year. This improvement was driven by a surge in federal revenue that comfortably outpaced spending growth.
Total receipts for the month hit a record $560 billion, fueled largely by a sharp rise in customs duties. Thanks to recent tariff policies, customs revenue jumped to $27.7 billion, compared to just $7.3 billion in January 2025. Meanwhile, government spending reached $655 billion, a modest 2% increase.
Four months into the fiscal year, the cumulative deficit has fallen to $697 billion, down 17%. While both spending and revenue are at record highs, the narrowing gap suggests a strengthening bottom line for the Treasury.#CZAMAonBinanceSquare #USNFPBlowout #TrumpCanadaTariffsOverturned