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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.
U.S. budget deficit swells in October as Wall Street worries mount over debt
The U.S. government had a monthly budget deficit of $257 billion in October, as spending on health programs ramped up and collection of corporate taxes fell. The figures released Wednesday follow the Treasury Department's report last month that the 2024 fiscal year had a deficit of [$1.
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.
1d
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 ...
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 ...
Committee for a Responsible Federal Budget
7h
$700 Billion of Easy Deficit Reduction
The federal budget deficit totaled $2.0 trillion between November 2023 and October 2024 according to estimates from the Congressional Budget Office's Monthly Budget Review. The rolling deficit is $188 ...
Billy Penn
3h
SEPTA postpones Bus Revolution due to budget deficit
With the exhaustion of federal pandemic relief aid, SEPTA faces a $240 million annual deficit. It’s planning a pair of price ...
Yahoo
1d
Democrats, Republicans already sparring over projected budget deficit
SPRINGFIELD, Ill. (NEXSTAR) — When lawmakers left Springfield last spring, they were celebrating passing another
budget
.
KERA News
23h
Four reasons Denton ISD is struggling to close its $19 million budget deficit
Denton ISD has been operating at a
budget
deficit
since the 2023-24 school year. At the present, the district has ...
WBAL TV Baltimore on MSN
1d
Analysts warn lawmakers of growing budget gap in Maryland
Maryland is facing a $2.7 billion budget deficit, and experts said the historic gap can't be fixed by shuffling money around.
Yahoo
1d
City of Shreveport faces budget deficit in 2025
SHREVEPORT, La. (KTAL/KMSS)—Shreveport’s 2025
budget
is projected to be around $610 million. However, up to $4 million in ...
1h
on MSN
Service providers protest Seattle proposal to use payroll tax to shore up budget
Service providers in Seattle are calling on the city council to reject permanent changes to its payroll tax spending plan ...
The Chicago Maroon
1d
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 ...
22m
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 ...
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