Press Releases

U.S. Congressman Ron Estes (R-Kansas), a member of the Joint Economic Committee (JEC), issued the following statement recognizing the positive economic news regarding the decrease of the United States’ annual deficit. Per the JEC, the nation ended the fiscal year with a $1.78 trillion deficit, which is $50 billion, or 2.8%, less than FY2024. The main driver in reducing the deficit came from tariff collections put in place by President Donald Trump earlier this year. These collections totaled to $195 billion for FY2025.

“As a member of the Ways and Means Committee, I’m encouraged by the fiscal update from the Joint Economic Committee that shows the deficit has made a downward trend. This is positive news as President Trump and Congress work toward restoring fiscal sanity in Washington, D.C.,” said Rep. Estes. “We must build on this momentum with responsible fiscal policies – curbing wasteful spending, prioritizing pro-growth tax reforms, and examining mandatory spending programs that have contributed to deficit increases. Fiscal sanity set by a government that lives within its means is good for Kansans and Americans.”