DiscoverGeller ReportTRUMP EFFECT: Federal Government Hits historic $200 Billion Surplus in September
TRUMP EFFECT: Federal Government Hits historic $200 Billion Surplus in September

TRUMP EFFECT: Federal Government Hits historic $200 Billion Surplus in September

Update: 2025-10-17
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While Trump’s GOP is working furiously to increase American wealth and reduce our unsustainable debt, the Democrats are holding the country hostage for trillions for corrupt programs and money laundering ops.


And why isn’t this front page news across the land?


Sickening.


The $200 billion surplus refers to the monthly budget surplus the U.S. federal government recorded in September 2025, which closed out fiscal year 2025 However, this monthly surplus did not eliminate the much larger annual deficit for the full fiscal year.



Today’s Monthly Treasury Statement reflects what I’ve been saying: Strong private sector led growth alongside constrained federal spending means the deficit to GDP will take care of itself.


FY 2025’s deficit to GDP is now projected to be under 6%. And with continued fiscal…


— Treasury Secretary Scott Bessent (@SecScottBessent) October 16, 2025



Key details on the September 2025 budget



  • The U.S. Treasury reported a $198 billion budget surplus for the month of September, the largest on record for that month.September is often a surplus month due to quarterly corporate and individual tax payments.

  • The surplus was primarily driven by two factors:

  • A record increase in customs duties from new tariffs imposed by the administration.

  • A significant reduction in Department of Education outlays, primarily due to changes to the federal student loan program mandated in a spending bill passed in July 2025.


Monthly surplus vs. annual deficit


While the September surplus was substantial, it does not represent the federal government’s overall financial health for the year.



  • Monthly surplus: In September 2025, the government took in more money ($544 billion) than it spent ($346 billion).

  • Annual deficit: For the entire 2025 fiscal year, the U.S. still ran a deficit of $1.775 trillion, though this was a slight decrease from the prior year.

  • Unsustainable trajectory: Despite the trimmed annual deficit, analysts warn that the government remains on an “unsustainable path,” driven by continued increases in spending on Social Security, Medicare, Medicaid, and interest on the national debt, which hit a record $1.22 trillion in fiscal year 2025.

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TRUMP EFFECT: Federal Government Hits historic $200 Billion Surplus in September

TRUMP EFFECT: Federal Government Hits historic $200 Billion Surplus in September

Pamela Geller