Trump’s tariff revenue could help keep the government open. Why isn’t that happening? | CNN Business

Hundreds of thousands of federal government employees are being furloughed or working without pay during the ongoing government shutdown. Core functions, including many food and drug inspections, are suspended because Republicans and Democrats remain deadlocked on funding the government.

Meanwhile, the government continues to rake in record levels of tariff revenue, which President Donald Trump frequently brags about.

Those tens of billions of dollars are a drop in the bucket compared to what it takes to fund the government, but they could soften the blow from the shutdown – at least temporarily – while lawmakers remain at odds.

Last month, the Treasury Department

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Trump calls for YouTube TV to bring back Univision, calls it ‘very bad’ for GOP ahead of midterms | CNN Business

Portraying Univision as a crucial political tool for Republicans, President Donald Trump is publicly pressing Google to restore access to Univision on the...

Swifties flock to movie theaters for ‘Taylor Swift: The Official Release Party of a Showgirl’ | CNN Business

In an unprecedented win for a theatrical release announced just two weeks ago, the album debut event from American pop superstar Taylor Swift...

Trump considers massive bailout of at least $10 billion for American farmers hurt by his trade war | CNN Business

Washington  —  American farmers are having a tough year, in no small part because of President Donald Trump’s trade...