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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.
9h
on MSN
Utah’s public colleges may face budget cuts in 2025
So far, higher ed administrators haven’t publicly discussed the possible budget cuts, instead saying they’re still having ...
12h
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.
12h
on MSN
Budget analyst says overspending is pushing Maryland into a fiscal crisis
When lawmakers left Annapolis this spring, they celebrated the passing of a budget that avoided broad tax increases. But when ...
4h
on MSN
Appleton's 2025 budget spends more but reduces burden for most taxpayers
City residents in Winnebago County will see their tax rate rise, while those in Outagamie and Calumet counties decrease.
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 ...
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.
1d
New German finance minister does not plan 2024 budget freeze
New German Finance Minister Joerg Kukies said on Tuesday there will be no budget freeze for this year as a result of the ...
3h
Hospice faces axing jobs over £1m hole in budget
The hospice said a consultation with staff over redundancies was now under way. Earlier this year, bosses revealed it was ...
2d
UK Business Closures Surge After Budget Hit to Employers
Company insolvencies are surging in the UK after the Labour government reduced tax breaks and increased levies for owners.
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