U.S. Treasury Secretary Scott Bessent took a victory lap as his department reported an unexpected increase in receipts from ...

President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.

The Trump administration's tariffs promise significant federal revenue, but rising inflation raises concerns. As the Federal ...

Tariff revenue quadrupled compared to a year ago and cost savings increased sharply in June to help the federal government ...

The Congressional Budget Office reported federal revenues are starting to surge, as they are up about 18% since June.

Tariff income won’t come close to balancing the federal fisc.

A new survey by the Federal Reserve reveals President Donald Trump’s sweeping tariffs are already costing consumers.

Tariff revenues have brought in more that $113 billion so far this year, according to the Treasury Department data. The U.S. received more than $27 billion in customs duties in June alone.

But if everything goes smoothly, the CBP sends tariff revenue to the U.S. Treasury’s general fund, which is where our federal ...

The causal pathways by which tariffs could cause a recession seem dormant. Trade policy turmoil is the new normal, and may ...

Data from the federal government’s most recent fiscal year, which ended Sept. 30, 2024, show that federal income tax revenues amounted to about $2.4 trillion. And in calendar year 2024, U.S ...

The White House did not respond to a request for comment. Why did tariffs work in the past? Between 1870 and 1913 – the year federal income tax became law – tariff revenue tended to bounce ...