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.

Maryland, budget deficit

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 ...
Yahoo1d
Democrats, Republicans already sparring over projected budget deficit
SPRINGFIELD, Ill. (NEXSTAR) — When lawmakers left Springfield last spring, they were celebrating passing another budget.
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 ...
MyNorthwest.com5h
Leaked email: Unincorporated King County Sheriff’s Office nearly $2M over budget
The King County Sheriff's Office emailed some deputies and staff saying $900,000 in spending cuts need to be made by the end ...
Billy Penn9h
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 ...
Illinois lawmakers return to Springfield as projected budget deficit looms
Illinois lawmakers returned to Springfield Tuesday for the first time since May following news earlier this month that ...
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 ...
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 ...
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 ...