Federal Budget Gap Again Shows Again Signs of Improvement -- Barrons.com

Dow Jones01-14

Karishma Vanjani

The U.S. fiscal picture appears to be improving, a consequence of both major spending cutbacks on education and tax revenue brought in as a result of higher wage growth and President Donald Trump's tariffs.

The U.S. had a budget deficit of $112 billion for December, about $14 billion less than in December of 2024, after accounting for factors such as payments made on weekends. Not counting the adjustment, the deficit was worse, rising 67% from the prior year to $145 billion.

But for the past three months, the deficit came in at $602 billion, 15% less than in the comparable period in 2024.

This is breaking news. Check back for more detail and analysis soon.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 13, 2026 14:02 ET (19:02 GMT)

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Not counting the adjustment, the deficit was worse, rising 67% from the prior year to $145 billion. \n</p>\n<p>\n  But for the past three months, the deficit came in at $602 billion, 15% less than in the comparable period in 2024. \n</p>\n<p>\n  This is breaking news. Check back for more detail and analysis soon. \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. 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Not counting the adjustment, the deficit was worse, rising 67% from the prior year to $145 billion. \n\n\n  But for the past three months, the deficit came in at $602 billion, 15% less than in the comparable period in 2024. \n\n\n  This is breaking news. Check back for more detail and analysis soon. \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. 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