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The deficit for the fiscal year was $1.78 trillion, down from $1.82 trillion in 2024, a drop of 2%, according to figures released by the Treasury Department Oct. 16.

An FMCSA audit recently found compliance issues in California, Colorado, Pennsylvania, South Dakota, Texas and Washington. South Dakota was first to acknowledge them.

Washington’s partisan impasse continues to keep the federal government in a partial shutdown as the transportation panels eye consideration of a multiyear highway measure.

First Brands has admitted it can’t find $2.3 billion related to off-balance sheet financing deals. Lawyers for the U.S. Trustee  asked a judge to move up a hearing on the request to Oct. 29.

The Project44 2025 Annual State of Consumer Holiday Shopping Report found that 40% of consumers have capped their holiday budgets at $500 amid economic uncertainty.

The theme for this year's event, to be held Oct. 25-28 in San Diego, reflects the industry's resolve: “A United Front: Driving Policy in a New Era.” 

Tesla is also under scrutiny in the U.S., with NHTSA having launched a defect investigation into certain Model Y door handles. 

Nations are at an International Maritime Organization meeting in London to decide on landmark regulations to make vessels start paying for their greenhouse gas emissions.

RealTruck Group told lenders it uses fundamentally different financing tools from those tapped by First Brands Group, another parts maker that collapsed into bankruptcy last month.

Transportation Secretary Sean Duffy said California is the only state that is failing to enforce English-language requirements for truckers.