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[Embargo 6AM] Texas congressman unveils new plan to tackle $37T national debt with tariff windfall revenues

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FIRST ON FOX: Texas Rep. Nathaniel Moran is turning tariffs into a debt-cutting tool, unveiling legislation that would funnel billions in new trade revenues into a trust fund aimed solely at shrinking America’s staggering $37 trillion national debt.
The Tariff Revenue Used to Secure Tomorrow (TRUST) Act would establish a special account at the Treasury Department called the Tariff Trust Fund. Starting in fiscal year 2026, any tariff money collected above the 2025 baseline level would automatically go into this fund. By law, that money could only be spent in one way: to shrink the federal deficit whenever the government is running in the red.
TRUMP SAYS US WOULD BE ‘DESTROYED’ WITHOUT TARIFF REVENUE
«President Trump’s bold use of tariffs has already proven effective in bringing foreign nations back to the negotiating table and securing better trade deals for America. That short-term success has produced record-high revenues, and now we need to make sure Washington doesn’t squander them,» Moran told Fox News Digital.
«The TRUST Act ensures those dollars go where they are needed most—toward reducing our national debt and protecting the financial future of our nation.»
Rep. Nathaniel Moran, R-Texas, walks down the House steps after the final votes in the Capitol before Congress’ October recess on Wednesday, Sept. 25, 2024. (Bill Clark/CQ-Roll Call/Getty Images)
Moran’s legislation comes after the U.S. collected more than $31 billion in tariff revenues in August, the highest monthly total so far for 2025. Total tariff revenue for 2025 has reached more than $183.6 billion, according to the «Customs and Certain Excise Taxes» data released on Aug. 29 by the Treasury Department.
TRUMP CALLS TARIFF WINDFALL ‘SO BEAUTIFUL TO SEE’ AS CASH SAILS IN
Tariff revenues rose steadily from $17.4 billion in April to $23.9 billion in May, before climbing to $28 billion in June and reaching $29 billion in July. At the current pace, the U.S. could collect as much tariff revenue in just four months to five months as it did during the entire previous year. At this point in fiscal year 2024, tariff revenues were at $86.5 billion.

A year-over-year comparison of tariff collections. (U.S. Treasury)
The surge in revenue coincides with a federal appeals court ruling that President Donald Trump overstepped his authority by using emergency powers to impose sweeping global tariffs.
In its Aug. 29 decision, the court said the power to set such tariffs rests squarely with Congress or within existing trade policy frameworks. The ruling does not affect tariffs imposed by other legal authorities, such as Trump’s levies on steel and aluminum imports.
Attorney General Pam Bondi announced the Justice Department will appeal the decision to the Supreme Court. In the meantime, the court allowed the tariffs to remain in place through Oct. 14.
Treasury Secretary Scott Bessent previously said that the Trump administration could apply part of the tariff revenue toward lowering the national debt.

Scott Bessent, U.S. treasury secretary, during a House Ways and Means Committee hearing in Washington, D.C., on June 11, 2025. (Eric Lee/Bloomberg/Getty Images)
The nation’s debt, which is the amount of money the U.S. owes its creditors, is nearing $37.4 trillion as of Sept. 3, according to the Treasury Department.
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The staggering figure has intensified the long-standing debate in Washington over government spending, taxation and efforts to rein in the ballooning deficit.
«Complacency is no longer an option. We must act with urgency and begin to bring down our national debt immediately,» Moran added in a statement.
Bessent has also previously said that tariffs could generate more than $500 billion in revenue for the federal government. U.S. businesses pay these import taxes to the federal government, but the cost often falls on consumers, as companies raise prices to offset the economic burden.
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Cómo es el emblemático «campo de golf del presidente» que Donald Trump quiere renovar

Los presidentes y el golf
La historia miliar de la Base Andrews
Dudas sobre el costo y la financiación
Beneficios para el presidente
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Swiss nightclub promoted flaming bottle stunts before deadly inferno in packed New Year’s Eve venue

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The luxury Swiss Alps nightclub where at least 40 people were killed and nearly 120 others were injured in a New Year’s Eve inferno, had previously released a promotional video advertising flaming champagne bottles, which authorities deemed the cause of the tragedy.
Le Constellation, a bar in the resort town of Crans-Montana, Switzerland, posted the video on YouTube showing waitresses in helmets moving through the dark, crowded club carrying bottles topped with sparkling candles.
In the footage, the bottles appear to be held high, at times nearly touching the ceiling.
Authorities surround the area around the bar Le Constellation, after a fire ripped through the venue during the New Year’s Eve celebrations in the luxury Alpine ski resort town of Crans-Montana. (Maxime Schmid / AFP via Getty Images)
EXPLOSION AT PENNSYLVANIA SENIOR HOME PROMPTS MASS CASUALTY RESPONSE
The video surfaced following a deadly blaze that tore through the basement nightclub at about 1:30 a.m. Thursday during a New Year’s Eve celebration.
At least 40 people were killed, and 119 others were injured, many seriously, when flames and smoke spread rapidly through the packed venue.
According to two witnesses, a bartender was carrying a female staff member on his shoulders while she held a champagne bottle fitted with a lit sparkler or flare near the wooden ceiling above the bar area.
Moments later, fire erupted overhead.

Emergency crews and medical aircraft are seen at a regional airport in Switzerland as victims of a deadly New Year’s Eve bar fire in the Alpine resort town of Crans-Montana were transported for treatment. (Reuters/Lisa Leutner)
OVERNIGHT FIRE AT INDIA NIGHTCLUB LEAVES 25 DEAD
Valais Attorney General Beatrice Pilloudsaid confirmed on Friday the boozy fireworks were likely the cause, with the flames triggering a violent ignition of combustible gases known as a flashover, causing the flames to spread suddenly.
«The whole ceiling was in flames, and the fire spread really fast. It happened in seconds,» two survivors later told the French broadcaster BFMTV.
Axel Clavier, 16, of Paris, said he felt as though he was suffocating as smoke filled the club.
Clavier told The Associated Press he escaped by using a table to force a plexiglass pane out of its frame amid what he described as «total chaos.»
He also said he saw waitresses arrive with champagne bottles and sparklers.
FIRE TEARS THROUGH HONG KONG HOUSING COMPLEX, KILLING AT LEAST 13 WITH OTHERS REPORTED TRAPPED

Police officers and first responders stand next to a vehicle on the site of a fire that ripped through the bar Le Constellation in Crans-Montana, Switzerland. (Maxime Schmid/AFP via Getty Images)
As of Friday afternoon, no arrests have been confirmed.
Pilloud said investigators will work to determine if anyone bears criminal liability for fire by negligence, homicide by negligence, or injuries by negligence.
Since the tragedy, hundreds of people have gathered outside the burned-out venue in Crans-Montana, laying flowers and candles as families waited for news of missing loved ones.
Italian authorities said the death toll could be as high as 47, Reuters reported, citing information provided by Swiss officials, who continue working to identify bodies.
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Swiss President Guy Parmelin described the disaster as «one of the worst tragedies our country has ever known,» noting that many of the victims were young people celebrating the New Year.
While the majority of those hurt were Swiss, four Serbians were injured, along with others from Bosnia, Belgium and Portugal.
Italy and France confirmed some of their nationals remain missing.
Le Constellation did not immediately respond to Fox News Digital’s request for comment.
Fox News Digital’s Michael Dorgan contributed to this report.
fires disasters,disasters,luxury,world
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Video: así fue evacuada la presidenta Claudia Sheinbaum por el terremoto en México que dejó al menos dos muertos

Un sismo de magnitud 6,5 con epicentro en Guerrero, en el suroeste de México, sacudió este viernes esa zona turística de la costa Pacífica y la cercana Ciudad de México. Autoridades reportaron al menos dos muertos y daños graves.
El terremoto se registró poco antes de las 8:00, hora local, según datos del Servicio Sismológico Nacional mexicano.
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Autoridades de Ciudad de México reportaron la muerte accidental de un hombre de 67 años que se cayó mientras evacuaba su edificio durante el temblor. “El hombre desalojó su departamento en el segundo piso, tropezó y perdió el conocimiento”, informó el gobierno de la alcaldía local Benito Juárez. A la llegada de los paramédicos, “ya no presentaba signos vitales”, añadió.
Y la gobernadora del estado de Guerrero, Evelyn Salgado, confirmó el fallecimiento de una mujer de 56 años tras el colapso de su vivienda.
Además, 12 personas resultaron lesionadas, según reportó la alcaldesa de la capital mexicana, Clara Brugada, en la red social X.
El sismo obligó también a suspender la habitual rueda de prensa que la presidenta Claudia Sheinbaum brinda cada mañana en el Palacio Nacional de Ciudad de México. Imágenes de la transmisión en vivo mostraron cómo fue evacuada tras exclamar “uy, está temblando” y pedir calma en el lugar mientras se activaban los protocolos de seguridad ante el movimiento telúrico.
El sismo tuvo su epicentro a 15 kilómetros de San Marcos, cerca de la turística Acapulco, en el estado de Guerrero, informó Sheinbaum a su regreso minutos después del temblor.
Los videos de los edificios de Ciudad de México sacudiéndose circularon en las redes sociales. (Video: X @MVSNoticias/Foto: Francisco ROBLES / AFP.)
La violenta sacudida fue precedida un minuto antes por las alarmas de advertencia y algunas personas salieron a las calles aún en pijama.
Cuatro heridos y cientos de viviendas afectadas en San Marcos
El Heraldo de México reportó que hubo cuatro heridos en San Marcos y más de 500 casas dañadas (70 de ellas quedaron inhabitables) tras el sismo. Además, un hospital quedó colapsado.
Según informó Diego Armando Valente Pineda, director de Protección Civil municipal, el temblor golpeó especialmente a las casas de adobe. “Al momento llevamos un recuento de 300 viviendas de adobe afectadas en el municipio, en algunas comunidades y parte de la cabecera municipal”, detalló el funcionario durante un recorrido de evaluación.

Imágenes del Ángel de la Independencia durante el temblor de magnitud 6.5. (Video: X @GuateToday)
Además, 200 viviendas de material también sufrieron daños. De ese total, 70 casas quedaron inhabitables, la mayoría de adobe, por presentar “fisuras considerables, desprendimiento completo de paredes y algunas incluso colapsaron”, explicó Valente Pineda.
El hospital del IMSS-Bienestar de San Marcos también resultó con daños estructurales. “El hospital está colapsado; hay fisuras y personal de la Secretaría de Gestión Integral de Riesgos y Protección Civil del Estado ya está revisando el inmueble para determinar si es apto para seguir utilizándose”, indicó el director de Protección Civil.
El temblor principal desató una intensa actividad sísmica posterior. “Desde el sismo fuerte de magnitud 6.5 llevamos el conteo de más de 305 réplicas, algunas de 5.0 y 5.5, por lo que las réplicas van a continuar”, advirtió el portavoz.
Leé también: Impactante video: así empezó el incendio mortal en una fiesta de Año Nuevo en Suiza Más de 500 viviendas quedaron afectadas por el sismo. (Foto: X @Despierta_Oax)
Sismos mortales
Parte de Ciudad de México, principalmente la zona céntrica, está asentada sobre un subsuelo fangoso de lo que antes era un lago, lo que la hace particularmente sensible a los sismos. Los que más se resienten son los generados en la costa de Guerrero, al encontrarse a menos de 400 km.
El 19 de septiembre de 1985 un terremoto de magnitud 8,1 devastó una amplia zona de la capital. Con epicentro en la costa del Pacífico, entre Guerrero y Michoacán, sacudió también a gran parte del centro y sur del país.
Durante años, variaron las cifras oficiales en las estimaciones de muertos del sismo de 1985. Según un recuento de actas de defunción oficiales publicado en 2015, causó 12.843 muertes.
También un 19 de septiembre, en 2017, un terremoto de 7,1 dejó 369 fallecidos, la mayoría en Ciudad de México.
México se ubica entre cinco placas tectónicas, cuyos movimientos convierten al país en uno de los que registra mayor actividad sísmica en el mundo, particularmente en la costa del Pacífico desde la frontera con Guatemala hasta el estado de Jalisco (oeste).
(Con información de AFP)
México, Terremoto
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