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Tariffs Bleed Budgets, Not Balance Sheets | Fort Wayne News
The feds are in deep trouble—July’s tariff spending outpaced revenue, ballooning the deficit by $200 billion. The Congressional Budget Office now predicts a $2.1 trillion shortfall for 2026, with over $1 trillion earmarked just for interest on the national debt. Treasury’s earlier confidence in offsetting lost tariff revenue is crumbling as economists warn tariffs aren’t reliable income, especially with legal challenges looming. While the administration claims economic growth and new investments will fix things, experts say that’s not a sustainable solution—and the fate of their strategy…
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