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 ...
Editorial: Why are interest rates rising while the Federal Reserve is cutting? Trump deficit worries could be at work.
Bond investors have sent Treasury yields significantly higher in recent weeks even as the Federal Reserve has cut interest ...
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 ...
Maryland lawmakers face new $2.7 billion budget deficit, ‘worst situation we’ve seen in the last 20 years’
BALTIMORE — Maryland lawmakers were warned Tuesday of an impending $2.7 billion deficit they’ll need to resolve for the next ...
Q1 Fiscal Operations: Punjab’s Rs. 160 Billion Deficit Turns to Rs. 40 Billion Surplus
The Ministry of Finance has revised the fiscal operations figures of the first quarter (Q1) of current fiscal year (FY25), ...
National Hockey League10h
'Battle through adversity' | Sabres erase 3rd-period deficit in OT win over Blues
The Sabres found themselves in an early hole following a few quality saves by Binnington to start the game. Brandon Saad caught a loose puck in the slot and scored on the Blues’ third shot of the ...
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 ...