US October Deficit Hits $404 Billion, Up 42% Year-on-Year

Cointime reports: The US federal budget deficit reached $404 billion in October, the first month of fiscal 2027, up 42% from a year earlier, Treasury data showed on November 13. Government spending rose 12% to $773 billion while receipts fell 9% to $369 billion, with tariff revenue down about 39% to $19.2 billion. The Treasury expects the full-year deficit to edge up to about $2.2 trillion.