US starts 2027 fiscal year with record October budget deficit of $404 billion
The United States opened fiscal year 2027 with a record $404 billion October deficit, the largest monthly shortfall ever recorded for the first month of a fiscal year.
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The United States opened fiscal year 2027 with a record $404 billion October deficit, the largest monthly shortfall ever recorded for the first month of a fiscal year.
US deficit hits post‑pandemic peak as $40 trillion debt’s interest bite swells, sparking debt‑crisis warnings.
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Treasury Secretary Bessent suggests President Trump could accelerate deficit reduction plans should Democrats achieve victory.
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Recent reports suggest the Department of Government Efficiency (DOGE) has failed as the national budget deficit nears $2 trillion.
A surge in tariff refunds has pushed the US June 2026 budget deficit to $120 billion, contributing to a national debt now exceeding the US economy.