US Treasury reports record $711 billion budget deficit for first months of 2025
The $711 billion October-December deficit was $201 billion higher than the $510 billion deficit in the same period a year earlier.
U.S. budget deficit grows to over $700 billion
Swings in the bond market recently sent the yield on the 10-year Treasury above 4.80% and its highest level since 2023. The bond market's moves might seem strange given that the Federal Reserve has lowered interest rates three times starting in September. The Fed has cut its main interest rate by a full percentage point since September.
U.S. posts record $711 bln deficit for first three months of fiscal 2025
The U.S. government posted an $87 billion budget deficit in December, reduced partly by a shift of benefit payments into November but capping a record $711 billion deficit for the first three months of the 2025 fiscal year,
U.S. budget deficit swells to record $711 billion in first quarter of fiscal year
The U.S. federal budget deficit widened to a record $711 billion in the first three months of the fiscal year, up from $510 billion in the same period last year, an increase of 39%, the Treasury Department said Wednesday.
U.S. federal budget deficit narrows to $87B in December
The U.S. federal government spent $87.0B more than it earned in December, compared with the -$80.0B shortfall expected and November's -$367.0B deficit, according to the Treasury Department's statement released on Tuesday.
Egypt's current account deficit surges in July-Sept 2024, central bank says
Egypt's current account deficit more than doubled to $5.9 billion in July-September 2024, compared with $2.8 billion in the ...
New Washington Governor Outlines Goals as State Faces Multibillion-Dollar Deficit
Incoming Washington state Gov. Bob Ferguson outlined his plans to help individuals while also making government more ...
“What we have inherited” | Gov. Morrisey projects $400 million deficit in upcoming state budget
HUNTINGTON, W.Va. (WSAZ) - “This is what we have inherited,” said West Virginia Gov. Morrisey on Thursday during a press ...
India to forecast stronger growth next year while sticking to fiscal deficit goals, sources say
India plans to project higher economic growth for the next fiscal year, two government officials with direct knowledge of the ...
India's fiscal deficit to shrink continuously amid strong tax revenues: World Bank
India's fiscal deficit shrinking, GDP growth strong, inflation stable, and investment growth steady, according to World Bank ...
'Where we stand': West Virginia governor projects $400 million deficit in upcoming budget
West Virginia Gov. Patrick Morrisey said the state is expected to face an “inherited” $400 million deficit in its budget for ...
Univ. of New Orleans to furlough employees amid budget deficit
NEW ORLEANS (WVUE) - The University of New Orleans has received approval from the University of Louisiana System Board of ...
While deficit looms in next year's Illinois budget, current-year revenues remain on track
Revenue returns remain on track halfway through Illinois' budget year, though it's next year that is causing concern in the ...
Egypt's current account deficit at $5.9 billion in July-Sept 2024, central bank says
Egypt's current account deficit totaled $5.9 billion in July-September 2024, compared with $2.8 billion in the same quarter a ...
Maryland Gov. Moore includes income tax increases for wealthy residents to help address $3B deficit
Maryland Gov. Wes Moore released a budget plan Wednesday that includes higher income tax rates for taxpayers who make more ...