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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.

International Business Times · 15h

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.

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.

Seeking Alpha on MSN · 1d

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.

Maryland, budget deficit

Baltimore Sun on MSN · 1d

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 — a significant hole that all but guarantees another debate in Annapolis over whether they should make deep budget cuts or raise taxes.

CBS News · 1d

Maryland lawmakers are facing $2.7 billion budget deficit

Yahoo · 1d

Maryland budget deficit fuels tax increase concerns

Maryland is facing a $2.7 billion budget deficit, and experts said the historic gap can't be fixed by shuffling money around. The dire report has fueled concerns that cuts in services and tax increases may be on the table.

22m

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 ...

48m

With $10B deficit looming, WA governor calls on state agencies to make cuts

Washington Gov. Jay Inslee is warning of a budget deficit in excess of $10 billion and calling on state agencies to pare ...

CBS News1d

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 ...

Yahoo1d

Democrats, Republicans already sparring over projected budget deficit

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

Committee for a Responsible Federal Budget7h

$700 Billion of Easy Deficit Reduction

The federal budget deficit totaled $2.0 trillion between November 2023 and October 2024 according to estimates from the Congressional Budget Office's Monthly Budget Review. The rolling deficit is $188 ...

Billy Penn4h

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 ...

Service providers protest Seattle proposal to use payroll tax to shore up budget

Service providers in Seattle are calling on the city council to reject permanent changes to its payroll tax spending plan ...

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 ...

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 ...

Hespress on MSN3h

Government aims for 3% budget deficit by 2026, Minister says in budget address

In response to questions from lawmakers during a plenary session on the 2025 Finance Bill (PLF), Finance Minister Nadia Fettah outlined the government’s proactive steps to mitigate the impact of ...

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US Oct. Budget Deficit Swells 287% To $257 Billion

Maryland, budget deficit

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