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.
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. 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.

India’s Trade Deficit Widens More Than Expected

Muni, cable cars may be impacted as SFMTA faces looming budget deficit
Public transit in San Francisco is facing an uncertain future due to a massive budget deficit that could put the city's ...
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 budget ...
KERA News1d
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 whittled ...
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 ...
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 ...
WBAL1d
‘Don’t have a very strong growth’: Analysts sound alarm as Maryland faces historic budget deficit
Maryland is facing a $2.7 billion budget deficit, and experts said the historic gap can’t be fixed by shuffling money around.
NKU erases 19-point deficit but ultimately falls to Nicholls on last-second shot
The Northern Kentucky Norse erased a 19-point deficit in their home opener on Thursday night, but were unable to close out a ...
Job cuts 'inevitable' over £30m university deficit
Dundee University has told staff that job losses are "inevitable" as it faces a potential deficit of £30m in the next ...