The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury Department data released Tuesday.

The U.S. government's budget deficit grew nearly 20% despite a nearly $21 billion jump in customs duty collections from Trump's tariffs, with outlays growing faster than receipts, the Treasury Department said.

GOP leaders keep saying that they are “the party of fiscal responsibility,” and reality keeps proving them wrong.