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Trump's victory and a $3.1 billion budget deficit weigh on Statehouse Democrats
Illinois House Speaker Chris Welch hired a new appropriations staff director and plans on making operational changes in 2025.
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.
49m
on MSN
The National Debt Just Hit $36 Trillion. Does Trump Have a Plan To Control It?
It would take nearly $8 trillion in budget cuts merely to stabilize the national debt so it does not grow faster than the ...
Barron's on MSN
2d
U.S. Posts Biggest October Deficit Since Pandemic as Trump Heads to Washington
The U.S.
deficit
spiked to start the new fiscal year, casting a shadow over the budget outlook as Washington braces for a ...
Opinion
12h
on MSN
Opinion
The markets could have the final say on Trump’s tax cuts and tariffs
When Trump won the 2016 election, the stock market went on a tear as investors responded favorably to the prospect of tax ...
Opinion
3d
Opinion
Editorial: Why are interest rates rising while the Federal Reserve is cutting? Trump deficit worries could be at work.
Bond investors have sent Treasury yields significantly higher in recent weeks even as the Federal Reserve has cut interest ...
2d
on MSN
Republican sweep gives Trump power to slash taxes, may strain deficits
Republicans' lock on power in Washington next year will allow President-elect Donald Trump to pursue an aggressive agenda of ...
10h
OKC is leading the state's already healthy economy. Could that change under Trump?
A panel of economists hosted by the Greater Oklahoma City Chamber on Thursday praised the city's economy while warning about ...
13h
on MSN
Trump should prioritize middle class tax relief over loopholes that benefit Democrats
President-elect Donald Trump should reward the multiracial and disproportionately working-class coalition that delivered him ...
12h
on MSN
Mortgage rates were predicted to fall in 2025. Does a Trump win change that?
Experts have been saying that mortgage rates will go down in 2025, but if inflation rises under Trump, we could actually see ...
6h
The National Debt Just Hit $36 Trillion. Does Trump Have a Plan To Control It? (opinion)
It would take nearly $8 trillion in budget cuts merely to stabilize the national debt so it does not grow faster than the ...
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