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Payment date change drives Nov. deficit increase
US budget deficit climbs to $367 billion in November on calendar payment shifts
The U.S. government posted a $367 billion budget deficit for November, up 17% from a year earlier, as calendar adjustments for benefit payments boosted outlays by some $80 billion compared to the same month in 2023,
Payment date change drives November deficit increase
The federal deficit increased by $366.8 billion in November, a change driven by spending on defense, Social Security and Medicare payments.
Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago
The U.S. budget deficit swelled in November, putting fiscal 2025 already at a much faster pace than a year ago when the shortfall topped $1.8 trillion, the Treasury Department reported Wednesday. For the month,
Money Metals Exchange
11h
Biden Kicks of Fiscal 2025 With Biggest Deficit Ever
Through the first two months of fiscal 2025, the Biden administration managed to run a $624.21 billion budget. It's the ...
Alaska Dispatch News
2h
Dunleavy proposes budget with $1.5 billion deficit, projecting $12 billion deficit by 2035
Gov. Mike Dunleavy’s proposal did not account for education funding increase, though he said he would consider a $200 million ...
1d
Outgoing Treasury Sec. Yellen 'sorry that we haven't made more progress,' believes deficit must be decreased
Treasury Sec. Janet Yellen, who will leave office next month, discussed the deficit at the Wall Street Journal's CEO Council ...
Honolulu Star-Advertiser
1d
Federal government budget deficit climbs to $367B
WASHINGTON >> The U.S. government posted a $367 billion budget deficit for November, up 17% from a year earlier, as calendar ...
1d
Yellen ‘sorry’ more progress wasn’t made on deficit
Treasury Secretary Janet Yellen is concerned about the nation’s “fiscal sustainability” this week and said she’s “sorry” that ...
15h
on MSN
China Sees Needs to Increase 2025 Fiscal Deficit, Cut RRR
China sees need to increase fiscal deficit ratio in 2025 and says required reserve ratio and interest rates will be cut at an ...
Committee for a Responsible Federal Budget
3d
12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
From December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the ...
1d
After reducing deficit, Newsom proposals bring extra costs to California
Tax revenues have exceeded estimates in California, but Gov. Gavin Newsom's costly new proposals and other programs could ...
1d
Most Brazilians don't see Lula's fiscal package reducing deficit, poll shows
A majority of Brazilians do not believe the government's package of tax reforms and spending cuts will be enough to address ...
Committee for a Responsible Federal Budget
3d
CBO Estimates $622 Billion Deficit for First Two Months of Fiscal Year 2025
The United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according to the latest ...
1h
on MSN
Trump repeats claim that U.S. is 'subsidizing' Canada through trade deficit
U.S. President-elect Donald Trump is responding to a threat from Ontario's premier. Doug Ford says he'll cut energy to more ...
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