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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 ...
37m
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 ...
1h
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 ...
18h
Muni, cable cars may be impacted as SFMTA faces looming budget deficit
San Francisco public transit is facing an uncertain future due to a massive budget deficit that could put the city's recovery ...
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.
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 ...
The Chicago Maroon
2d
University Budget Deficit Hit $288M in FY24, Now $221M
During a third invite-only budget town hall, the University presented the progress made by its budget plan, including ...
1h
Mexico Unveils 2025 Budget Proposal That Narrows Fiscal Deficit
Mexico’s government said on Friday that it will narrow the fiscal deficit next year even as President Claudia Sheinbaum ...
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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