US June budget deficit hits $120B due to tariff refunds. Inflation at 3.8% in June priced at 48.9% YES.

US June budget deficit hits $120B due to tariff refunds. Inflation at 3.8% in June priced at 48.9% YES.

The gap for the first nine months of fiscal 2026 came to US$1.37 trillion, Treasury Department data showed on July 13. Read more at straitstimes.com. Read more at straitstimes.com.

Devoluções chegaram a US$ 49,2 bilhões em junho; valor contrasta com superávit de US$ 27 bilhões registrado no mesmo período em 2025

The US government has refunded tens of billions of dollars in collected tariffs after the Supreme Court struck down a major portion of President Donald Trump's extra tariffs…

US June budget deficit widened to $120 billion after Treasury refunded $49.2 billion in invalidated Trump-era tariffs.

The US government has refunded $81 billion in tariffs after the Supreme Court deemed them illegal, marking a significant reversal of Donald Trump's economic policies.

The US government has refunded $81 billion in tariffs this fiscal year after the Supreme Court struck down Trump's IEEPA tariffs 6-3, widening the federal

The US government has so far paid back $81 billion in tariffs to companies since the Supreme Court ruled in February that those tariffs were illegal, according to federal budget…