EconomyUS opens 2027 fiscal year with record $404 billion October deficit

The US recorded a $404 billion budget deficit in October, the first month of fiscal 2027, setting a record for the month. The Treasury Department said the shortfall was up $120 billion, or 42%, from a year earlier as receipts fell and outlays rose sharply.

US financesbudget deficitpublic spending

RReuters★★★☆☆2026-11-12 23:30Original