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US Oct.-February budget deficit hits record $1.147 trillion

Federal budget deficit hits record $1.1T in first 5 months of fiscal year

New data from the Treasury Department shows the federal deficit is $318 billion larger in the first five months of fiscal year 2025 compared with the last fiscal year.

Reuters on MSN · 1d

US October-February budget deficit hits record $1.147 trillion

The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said on Wednesday, including a $307 billion February deficit for President Donald Trump's first full month in office that was up 4% from a year earlier.

Fast Company · 1d

U.S. budget deficit for Trump’s first full month in office hits $307 billion

The deficit for the first five months of fiscal 2025 came to $1.147 trillion, up 38%, or $318 billion, from a year earlier.

Honolulu Star-Advertiser · 1d

U.S. budget deficit soars past $1.1T as spending outpaces revenue

WASHINGTON >> The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said today, including a $307 billion February deficit for President Donald Trump’s first full month in office that was up 4% from a year earlier.

Barron's on MSN · 1d

U.S. Deficit Hits a Record $1.15 Trillion Over 5 Months

Data disclosed by the Treasury Department showed an adjusted gap between federal spending and revenue of $1.063 trillion for October through February.

Trump and Musk ignore the real solution to big budget deficits

Here’s an assignment for the conservative politicians and activists who keep telling us that President Trump and his sidekick ...

Green Bay school district faces at least $10M budget deficit in 2026-27. What comes next?

Superintendent Vicki Bayer told the board Monday evening the district likely faces a $10 million to $12 million deficit. What ...

1don MSN

Indonesia keeps 2025 budget deficit forecast unchanged despite tax revenues slump

Indonesia's government is maintaining its forecast that the budget deficit will be 2.53% of GDP this year despite a 30% ...

33m

Orange City Council likely to commit to balanced budget rule; bringing in consultants to help

Orange is hiring Grant Thornton, a global accounting and consulting firm with an Orange County office, to help city leaders quickly reassess City Hall’s organizational structure and find opportunities ...

The Brown Daily Herald12h

RIPTA efficiency study lags behind schedule amid looming $32.6 million budget deficit

Last May, the Rhode Island legislature gave the Rhode Island Public Transit Authority an additional $15 million from the ...

The Press Democrat11h

St. Helena exploring how to solve budget deficit

With a budget shortfall between $6 million and $10 million — and no quick fix in sight — St. Helena is struggling to stay ...

1don MSN

Overtime spending in city agencies killed Baltimore’s $53.8 million budget ‘windfall’; city preparing for deficit

Excessive overtime spending in city agencies all but erased Baltimore’s fiscal year 2024 surplus, and now the city is ...

Times-News3h

Frostburg prepares for potential impacts of state budget deficit

Frostburg officials are bracing for the impacts of Maryland’s nearly $3 billion state budget deficit as they begin preparing ...

Alaska Public Media12h

New Alaska revenue forecast worsens state's big projected budget deficits

There's a $200 million deficit in the current fiscal year, and a much bigger one under most scenarios for the next year.

14h

Department cuts, higher telecom tax: What's in Prince George's budget proposal

Prince George’s County faces a massive budget deficit that’s only expected to increase in the coming years. Acting County ...

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US Oct.-February budget deficit hits record $1.147 trillion

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