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Story summary
- The U.S. Department of the Treasury reported a record deficit of $145 billion for December 2025, up 67% year over year.
- December's net customs receipts dropped to $27.9 billion.
- For the first three months of fiscal 2026, the deficit totaled $602 billion, down 15% from the prior-year period.
- Increased spending on Social Security and healthcare and rising interest costs on the public debt contributed to the deficit.
