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.
Opinion
Trump's victory and a $3.1 billion budget deficit weigh on Statehouse Democrats
Illinois House Speaker Chris Welch hired a new appropriations staff director and plans on making operational changes in 2025.
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.
With $10B deficit looming, Inslee calls on state agencies to make cuts
Rising costs, increasing demand for public services and lower-than-expected tax collections have led to a projected shortfall ...
Mexico budget proposal trims 2025 deficit, sees better growth
Mexico expects its budget deficit next year to come down to 3.9% of GDP as growth increases, Finance Minister Rogelio Ramirez ...
CBS News2d
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 ...
With state facing $3B deficit, GOP senators call on Gov. JB Pritzker to promise no tax hikes
On the first day of the Illinois legislature’s brief fall session, Republicans called on Democratic Gov. JB Pritzker to ...
Yahoo2d
Democrats, Republicans already sparring over projected budget deficit
SPRINGFIELD, Ill. (NEXSTAR) — When lawmakers left Springfield last spring, they were celebrating passing another budget.
Budget hearing focuses on Chicago police funds as aldermen look to close nearly $1B deficit
A hearing Friday zeroed in on the Chicago Police Department's budget as the city faces a nearly billion-dollar budget ...
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 ...
WBAL TV Baltimore on MSN2d
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.
Sarnia Observer8h
Sarnia projecting $2.5-million budget deficit to end 2024
Sarnia is projecting a $2.5-million budget deficit for 2024. Emergency repairs at city parks and arenas account for the bulk ...