U.S. runs another huge budget deficit in 2025 — and the national debt hits another record

1. U.S. budget deficit decreased to $1.76 trillion in fiscal 2025. 2. National debt surged to nearly $38 trillion amid rising interest payments. 3. Tariff revenue increased significantly, raising customs duties to $202 billion. 4. Corporate tax receipts fell by $79 billion, impacting overall revenue. 5. Projected deficits could exceed $2 trillion annually by 2030.