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.
Türkiye's budget deficit hits 4-month high in October
Türkiye saw a budget deficit of TL 186.27 billion ($5.41 billion) in October, official data showed on Friday, marking the highest gap in the last
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.
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.
Yahoo1d
Democrats, Republicans already sparring over projected budget deficit
SPRINGFIELD, Ill. (NEXSTAR) — When lawmakers left Springfield last spring, they were celebrating passing another budget.
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 ...
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 ...
US deficit starts new fiscal year 286.8% higher
The United States began the new fiscal year with a $257 billion budget deficit, a drastic increase from the prior year's start.
CBS News1d
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 ...
Billy Penn16h
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 ...
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 ...
The Chicago Maroon2d
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 ...
KERA News1d
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 ...
Orban Lays Out Plans to Narrow Hungary Budget Deficit Next Year
The Hungarian government pledged to further reduce the budget deficit next year, according to the draft plan presented to ...
coloradopolitics6hOpinion
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 ...