Federal Budget: Trump Inherits A $1.8T Annual Deficit
The Federal Government ran a $1.8T budget deficit for the fiscal year, with a $560B deficit in the last quarter alone.
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.
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.
ConsumerAffairs8d
U.S. debt by president: dollar and percentage 2024
The national debt increases when the federal government is in a budget deficit ... when Trump spent $3.6 trillion on coronavirus pandemic relief. Of all the U.S. presidents, Barack Obama ...
Elon Musk’s new government role could raise ethical conundrums
President Ronald Reagan created the efficiency-minded Grace Commission in 1982, promising that it would “drain the swamp.” ...
Republican sweep gives Trump power to slash taxes, may strain deficits
Republicans' lock on power in Washington next year will allow President-elect Donald Trump to pursue an aggressive agenda of ...
Morning Call PA21d
Your View: Deficit reduction unlikely no matter who wins presidential election
Second, today’s federal deficit stems in part from tax cuts implemented without commensurate spending reductions, such as those initiated by the Trump administration. And some suggest the tax ...
Editorial: Why are interest rates rising while the Federal Reserve is cutting? Trump deficit worries could be at work.
Bond investors have sent Treasury yields significantly higher in recent weeks even as the Federal Reserve has cut interest ...
Trump’s plans to extend tax cuts and slash red tape will likely spur economic growth − but there’s a cost
Much of Trump’s 2017 tax law is set to expire at the end of 2025 – failing to extend it would hurt households and the economy ...
Inc1mon
Trump Contends His Economic Policies Won’t Increase Federal Debt
Trump appeared to back away from previous comments that as president, he should be able to exert control over the Federal Reserve. “I think I have the right to say I think you should go up or ...
Trump win sets up GOP battle between deficit hawks, tax cutters
President-elect Trump’s election win is setting up a fight among Republicans over cutting taxes and reining in the deficit as ...