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US Oct. Budget Deficit Swells 287% To $257 Billion
U.S. October budget deficit jumps to $257 billion, handing hole to Trump
The U.S. budget deficit jumped nearly four-fold to $257 billion in October, a figure inflated by one-off factors, the Treasury Department said on Wednesday in a report that started off a new fiscal year with a big hole to be turned over to President-elect Donald Trump in January.
US October Budget Deficit Swells 287% To $257 Billion
The U.S. budget deficit exponentially increased and reached around $257 billion in October, primarily due to one-off factors. According to a report by the Treasury Department released on Wednesday, the figure was a sharp increase of 287% from October 2023's $67 billion deficit.
U.S. federal budget deficit swells more than expected in first month of FY25
The U.S. federal government spent $257.0B more than it earned in October, compared with the $226.4B deficit expected and September's $64.0B shortfall, according to the Treasury Department's statement issued on Wednesday.
My Edmonds News
1h
With $10B deficit looming, WA governor calls on state agencies to make cuts
Washington Gov. Jay Inslee is warning of a budget deficit in excess of $10 billion and calling on state agencies to pare ...
30m
Mexican Government Seeks to Shrink Deficit With 2025 Budget Plan
The 2025 budget plan calls for the public sector borrowing requirement--a broad measure of the fiscal deficit--to decline to 3.9% of gross domestic product from 5.9% of GDP this year. Public sector ...
2h
on MSN
Kelly Evans: The math behind the deficit
I am tickled that so many people enjoyed the math behind higher interest rates. So let’s press on, shall we? Why not tackle ...
Yahoo
2d
Democrats, Republicans already sparring over projected budget deficit
SPRINGFIELD, Ill. (NEXSTAR) — When lawmakers left Springfield last spring, they were celebrating passing another
budget
.
2d
on MSN
Maryland lawmakers face new $2.7 billion budget deficit, ‘worst situation we’ve seen in the last 20 years’
Maryland lawmakers were warned Tuesday of an impending $2.7 billion deficit they’ll need to resolve for the next budget year ...
18h
on MSN
Muni, cable cars may be impacted as SFMTA faces looming budget deficit
Public transit in San Francisco is facing an uncertain future due to a massive budget deficit that could put the city's ...
58m
Mexico Unveils 2025 Budget Draft That Narrows Fiscal Deficit
Mexico’s government said on Friday that it will narrow the fiscal deficit next year even as President Claudia Sheinbaum ...
CBS News
1d
Maryland lawmakers are facing $2.7 billion budget deficit, their worst in two decades
with a $2.7B
budget
deficit
for the next
budget
year, which begins July 1, 2025. A five-year
budget
outlook was ...
1h
on MSN
Budget hearing Friday focusing on Chicago police funds, as aldermen look to close nearly $1B deficit
A hearing Friday is zeroing in on the police department's budget, as the city faces a nearly billion-dollar budget shortfall.
1d
on MSN
Illinois lawmakers return to Springfield as projected budget deficit looms
Illinois lawmakers returned to Springfield Tuesday for the first time since May following news earlier this month that ...
14h
on MSN
SFMTA considers suspending iconic cable cars amid catastrophic budget deficit
San Francisco's most iconic tourist attraction may not be climbing anywhere soon, thanks to a looming Muni budget deficit.
Opinion
coloradopolitics
11h
Opinion
Structural challenges of bungled state budget go beyond simple politics | POINT
With election season behind us, Colorado’s legislature — particularly the Joint Budget Committee (JBC) — faces the urgent ...
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