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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.
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 ...
1h
on MSN
Nigeria plans $28 billion spending for 2025 budget, minister says
ABUJA (Reuters) -Nigeria plans 47 trillion naira ($28.18 billion) spending for its 2025 budget, using an assumption of an oil ...
Marketplace
1d
When the U.S. Forest Service’s budget shrinks, who pumps campground toilets?
The U.S. Forest Service is likely facing half a billion dollars in budget cuts. This means the federal agency will have less ...
Legit on MSN
1h
BREAKING: Tinubu proposes about N5o trillion as 2025 budget
President Bola Tinubu-led federal government has proposed an all time high trillions for the 2025 budget. Details of the new ...
Opinion
Addison County Independent
3m
Opinion
Editorial: Before school budget talks turn to slashing expenses, let’s have a grand plan
With 2024-25 education property tax rate hikes well into double digits last year, it’s little doubt school boards will be ...
Apartment Therapy
9m
The “Memory Method” Is the Budget-Friendly Holiday Decorating Rule I’m Swearing By This Year
Whenever I open a social media app, it seems everyone — from my favorite content creators to my own friends — is obsessed ...
7h
Disney Reveals ‘Snow White’ Remake Is Set To Blow Its Budget
Disney has revealed that the cost of making its live action Snow White ballooned to $269.4m by the end of 2023 putting it on ...
17h
Pittsburgh economist explains what latest data means for your holiday budget
The latest economic data shows consumer prices rose slightly in October, which is impacting people's holiday budgets.
wjactv on MSN
46m
Johnstown City Council unveils 2025 budget, highlights amusement tax revenue
The Johnstown City Council introduced its proposed 2025 budget and emphasized that they want to avoid tax increases for ...
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 ...
2h
Nigeria plans $28 bln spending for 2025 budget, minister says
Nigeria plans 47 trillion naira ($28.18 billion) expenditure for 2025 budget on an oil price assumption of $75 per barrel and ...
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.
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