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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 several one-off factors, the Treasury Department said on Wednesday but starting a new fiscal year with a big hole that will 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.
1d
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 ...
5h
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.
1d
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
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 ...
1h
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 ...
4h
on MSN
Oakland Unified mulls school mergers to address budget shortfall
More changes could be coming to the Oakland Unified School District as they continue to try and find ways to balance their ...
Boston Herald
9h
Budget-friendly hacks for a Friendsgiving feast to remember
But with the rising food prices, not to mention other holiday expenses, hosting can seem out of reach. Discover simple, ...
3h
on MSN
Cuyahoga County executive seeks to plug widening budget hole with money from health and human services levy
Cuyahoga County is projecting to overspend about $17 million in 2025, despite some attempts to trim the budget.
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