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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 ...
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.
1d
on MSN
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 ...
Hespress on MSN
12h
Government aims for 3% budget deficit by 2026, Minister says in budget address
In response to questions from lawmakers during a plenary session on the 2025 Finance Bill (PLF), Finance Minister Nadia Fettah outlined the government’s proactive steps to mitigate the impact of ...
6d
on MSN
How Donald Trump and Elon Musk Could Cut $2 Trillion in Government Spending
If Musk is truly serious about fiscal discipline, he'll advise the president-elect to eschew many of the policies he promised ...
Mises Institute
2h
There’s No Sign of Relief from Ballooning Federal Deficits
The Treasury Department posted its latest revenue and spending totals this week, and deficits continue to mount at impressive ...
CBS News
1d
Maryland lawmakers are facing $2.7 billion budget deficit, their worst in two decades
BALTIMORE -- Maryland lawmakers face a
budget
outlook worse than during the Great Recession in 2008-2009, with a $2.7B ...
The Punch Newspapers
5d
Budget deficit-to-GDP hits 7.5% on high govt expenditures
The Federal Government’s budget deficit has risen to 7.5 per cent of the country’s Gross Domestic Product as of August 2024, ...
1d
on MSN
Elon Musk is looking to cut government waste. Here's what the US spends money on right now.
Donald Trump selected Elon Musk and Vivek Ramaswamy to identify areas for government-spending cuts. The US spends the most on ...
4d
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 ...
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