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.
Why the Federal Budget Deficit Could Trigger the Next Financial Crisis
No one wants to talk about the $1.8 Billion federal budget deficit. But, as Marc Goldwein of the Committee for a Responsible Budget warns, the interest costs alone to serve that debt are approaching 17% of government spending,
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.
Why Elon Musk's push to cut federal waste might succeed where others failed
There's a chance the Department of Government Efficiency's plans could lead to the deepest cuts to the federal government in ...
Here’s where Elon Musk can start cutting federal spending — from transgender monkeys to DEI and checks to dead people
Elon Musk and Vivek Ramaswamy are taking a knife to wasteful government-spending on things like handouts to China, monkey ...
Will Elon Musk and Vivek Ramaswamy really be able to slash the size of the federal government?
The two men have teamed up with Trump to try to cut the size and scope of government. Here's what could stand in their way.
DC, federal employees and Trump's Department of Government Efficiency: What we know so far
News4 is working to learn more about how DOGE could affect federal employees and the DMV. Here’s what we know so far.
Musk, Ramaswamy to lead Trump efforts to cut waste, fraud in federal government
President-elect Donald Trump picked Tesla CEO Elon Musk and businessman Vivek Ramaswamy to lead a newly created Department of ...
Department of Government Efficiency: US Federal Spending in Maps, Charts
Despite Donald Trump's announcement of his plans to introduce a Department of Government Efficiency, the proportion of money the U.S. government spends appears to be similar to that of other developed ...
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Can the federal government learn how to manage a budget from the states?
Balancing the budget while trying to plan for the future means "we do without today in a lot of areas," one Utah budget ...
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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 ...