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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.

Hosted on MSN · 1d

U.S. federal budget deficit swells more than expected in first month of FY25

rose to $584.2B from $462.3B in the previous month. Note that October marks the first month of the government's fiscal year. The October budget deficit comes after a FY24 shortfall of $1.83T, the largest outside the pandemic era.

MarketWatch · 1d

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.

International Business Times · 1d

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.

2h

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.

1don MSN

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 ...

10h

Muni, cable cars may be impacted as SFMTA faces looming budget deficit

San Francisco public transit is facing an uncertain future due to a massive budget deficit that could put the city's recovery ...

16m

Camosun to group programs, staff to save money amid budget deficit

The college said this week it would implement layoffs after a federal decision to cut the number of visas for international ...

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 ...

coloradopolitics3hOpinion

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 ...

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 ...

1don MSN

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 Maroon1d

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 ...

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 ...

Democrats, Republicans already sparring over projected budget deficit

SPRINGFIELD, Ill. (NEXSTAR) — When lawmakers left Springfield last spring, they were celebrating passing another budget.

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