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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.
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.
2d
on MSN
CNN staffers 'deeply frustrated' as looming budget cuts, layoffs set to impact struggling network
Fox News Digital spoke with CNN insiders worried about the looming layoffs and budget cuts that are about to rattle the ...
2h
on MSN
City Council makes 2025 budget official amid health insurance concerns from employees
The budget passed unanimously after discussions to "keep an eye" on health insurance costs for employees with medical issues.
5h
on MSN
UC faces half-billion-dollar budget shortfall and increases tuition for new nonresident students
The University of California anticipates more than a $500 million budget gap next summer, so It’s increasing tuition by at ...
12h
on MSN
Get hitched without hassle with pop-up weddings and budget busters
Couples are saying yes to budget-friendly, easy-to-plan, pop-up weddings that first became popular during the pandemic.
14h
Nigeria plans $28 bln spending for 2025 budget, minister says
Nigeria plans 47 trillion naira ($28.18 billion) expenditure for 2025 budget on an oil price assumption of $75 per barrel and ...
18h
on MSN
Illinois lawmakers return to Springfield as projected budget deficit looms
SPRINGFIELD — Illinois lawmakers returned to Springfield Tuesday for the first time since May following news earlier this ...
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.
2d
Mexico Budget Plans to Include $6 Billion Support for Pemex Debt
Mexico plans to set aside about $6 billion for state oil company Petroleos Mexicanos in its 2025 draft budget, people ...
WTEN on MSN
12h
Greene County proposes $136 million budget, no tax levy increase
For the sixth year, the Greene County budget will carry no increase in the overall tax levy, Greene County Administrator ...
2d
on MSN
City Council approves Denver’s $4.4 billion 2025 budget
The Denver City Council unanimously — and quietly — approved a $4.4 billion budget for the city next year on Tuesday evening.
1d
Council faces 'radical action' to save £28m in budget
A council is facing cuts of an "unprecedented magnitude" after announcing it needs to save more than £28m. Slough Borough ...
8h
on MSN
Proposed 2025 budget calls for lowest Naperville property tax rate in 56 years
The average taxpayer in Naperville could see a $31 decrease in the city portion of their 2025 tax bills as the city eyes ...
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