local
June deficit grows due to illegal-tariff refunds
By REUTERS at Waco Tribune-Herald
· July 14, 2026
· 1 min read
WASHINGTON — Growing refunds from President Donald Trump's illegal tariffs pushed the June federal budget deficit up to $120 billion, the U.S. Treasury Department said Monday, marking a sharp turnaround from the $27 billion surplus in June 2025 that was…
Key takeaway WASHINGTON — Growing refunds from President Donald Trump's illegal tariffs pushed the June federal budget deficit up to $120 billion, the U.
Why this matters in The Waco
The growing federal budget deficit has significant implications for Waco 's economy, particularly for local businesses that rely on international trade. As refunds from illegal tariffs increase, it may lead to a decrease in revenue for the federal government, potentially impacting funding for local projects and initiatives. In McLennan County, this could mean reduced support for transportation infrastructure, public safety, and community development programs. Furthermore, the uncertainty surrounding trade policies may affect the decision-making of local entrepreneurs and investors, potentially slowing down economic growth in the Waco area. As the federal budget deficit continues to rise, Waco residents should pay close attention to how these changes may impact their community, from job creation to access to essential services. The city's economic development strategies may need to be adjusted in response to these shifts in federal policy and revenue.
About this story
Original reporting by Waco Tribune-Herald . The Waco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Waco Tribune-Herald . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 14, 2026 ·
Source: Waco Tribune-Herald ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? WASHINGTON — Growing refunds from President Donald Trump's illegal tariffs pushed the June federal budget deficit up to $120 billion, the U.S. Treasury Department said Monday, marking a sharp turnaround from the $27 billion surplus in June 2025 that was…
When was this published? This article was first published on July 14, 2026 by Waco Tribune-Herald and curated for The Waco readers.
Who reported this story? This story was reported by REUTERS at Waco Tribune-Herald. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Waco, or browse our daily briefing and topic hubs .
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