"He said the economy has been creating jobs in the private sector rather than in the government. "My tariffs are bringing in hundreds of billions of dollars, and are helping to slash the deficit this year by more than 25%," the X post quoted Trump as saying. The post received a community note - a crowdsourced fact-check - citing Treasury Department figures and data from the Congressional Budget Office, Congress' nonpartisan number-crunching arm."
"The federal deficit fell by 2.3% from fiscal year 2024 to 2025 When the federal government's 2025 fiscal year ended Sept. 30, the Congressional Budget Office posted a final calculation of the deficit for the 2025 fiscal year, which started Oct. 1, 2024. The CBO reported a federal deficit of $1.775 trillion in fiscal year 2025. That represented a 2.3% decrease from the 2024 fiscal year deficit, which was $1.817 trillion."
A White House X post quoted a claim that tariffs brought in hundreds of billions and slashed the deficit by more than 25%. The post received a community note citing Treasury Department and Congressional Budget Office figures. Experts said the claim exaggerated the deficit's decline by roughly a factor of 10. The White House did not provide supporting evidence. The Congressional Budget Office calculated the fiscal year 2025 deficit at $1.775 trillion, a 2.3% decrease from the $1.817 trillion deficit in fiscal 2024. The deficit as a share of GDP fell from 6.3% to 5.9%.
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