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.
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.
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.
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.
Tesla CEO And DOGE Co-Lead Elon Musk Says 'Excess Government Spending' Causes Inflation: Here's What Experts Say
As U.S. headline and core consumer price inflation increased in October and GDP growth remained resilient in Q3, billionaire ...
Hespress on MSN15h
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 ...
CBS News1d
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 ...
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 ...
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 ...
Mises Institute6h
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 ...
The disappointing history of government efficiency commissions like DOGE
Since at least the administration of Theodore Roosevelt, presidents have been appointing commissions to reform the government ...
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 ...