US starts 2027 fiscal year with record October budget deficit of $404 billion
The US government started the 2027 fiscal year with a $404 billion budget deficit for October, a record for the month and $120 billion, or 42%, higher than the year-earlier period, as receipts shrank and outlays grew sharply, the Treasury Department said on Thursday. October receipts fell by $35 billion, or 9%, to…
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