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Filtering by entity: U.S. Treasury Department | Clear Filter
Summary:The post by 'Treasury Secretary Scott Bessent' on October 22, 2025, asserts that the U.S. budget deficit dramatically shrank in the second quarter of 2025. It claims the cumulative deficit from April to September 2025 was $468 billion, the lowest since 2019 and nearly 40% lower than the comparable period in 2024, attributing this reduction to President Trump's leadership and contrasting it with alleged reckless spending by the Biden administration. The post states President Trump is stabilizing the U.S. financial system with soaring revenues and controlled spending, dismissing Democratic attempts to undermine this progress.
Sentiment:Campaigning
Key Claims:
- The budget deficit began to shrink dramatically in the second quarter of 2025.
- From April to September 2025, the cumulative deficit totaled $468 billion.
- The $468 billion deficit in 2025 is the lowest reading since 2019.
- The 2025 deficit is down nearly 40% from the comparable period in 2024.
- The reduction in deficit is presented as occurring when there was no overlap with the Biden administration.
- The deficit reduction contrasts with the Biden administration's alleged 'reckless spending' in 2024.
- President Trump is putting the U.S. financial system on solid footing.
- Revenues are soaring and government spending is under control.
- Democrats' attempts to undo this progress by 'shutting down the government' will not succeed.
Potential Market Impact (S&P 500):4/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:3/10
Summary:Monthly government revenue from customs duties and certain excise taxes, identified as tariff revenue, experienced a substantial and rapid increase from late 2024 to July 2025, reaching $29.6 billion in July 2025.
Sentiment:Triumphant
Key Claims:
- Tariff revenue rose significantly in July 2025.
- Monthly government revenue from customs duties and certain excise taxes reached $29.6 billion in July 2025.
- There has been a sharp upward trend in tariff revenue from 2024 into 2025.
Potential Market Impact (S&P 500):7/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:8/10
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