US budget deficit climbs despite tariff revenue

The US budget deficit in July climbed 20% this fiscal year compared to the last despite the US taking in record income from President Donald Trump?s tariffs, according to Treasury Department data. The data showed the US saw a 273% increase ? or $21 billion ? in customs revenue in July over the same period last year. Edward Lawrence with Fox Business Network joined LiveNOW's Mike Pache to break it down.