A post by @DeItaone on X.
US OCTOBER BUDGET DEFICIT HITS RECORD $404 BILLION
@DeItaone on X
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The U.S. federal budget deficit reached a record $404 billion in October, up 42% from $284 billion in the same month a year earlier, according to Treasury data. Outlays climbed to an all-time high of $773 billion for the month, compared with $689 billion previously. The widening gap underscores persistent fiscal strain from elevated government spending. Investors will watch whether the pace of outlays moderates in coming months and how the deficit trajectory influences Treasury issuance and bond market dynamics.
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US Treasury, US federal government