Fact-Checking the Deficit Drop: Trump Advisor vs. Reality In a recent CNBC clip, Kevin Hassett, a top Trump economic advisor, claimed the FY2025 deficit would drop by $600 billion compared to FY2024, attributing it to "fiscally responsible policies." However, the host countered with a report showing smaller reductions. The actual FY2025 deficit closed at $1.775 trillion, only $41 billion less than FY2024's $1.816 trillion, largely due to tariff revenues offsetting higher debt interest payments.
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