US Oct. Budget Deficit Swells 287% To $257 Billion
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.
The federal government ran a $257.45 billion budget shortfall to start the new fiscal year, with revenue down and spending up ...
The United States began the new fiscal year with a $257 billion budget deficit, a drastic increase from the prior year's start.
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