Besent: Tariff revenue will exceed the forecast at the beginning of the year and be used to repay federal debt According to a report by Golden Finance, US Treasury Secretary Besson stated that he expects tariff revenue to be significantly higher than the $300 billion predicted at the beginning of the year, and stated that this funding will be used to begin repaying the massive US federal debt. Besant declined to provide new specific income forecasts in an interview with CNBC, but stated that he and Trump are "fully focused" on reducing debt. He said, "I have always said that this year's tariff revenue may be $300 billion, but now I must significantly raise this expectation