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US budget deficit hits $284 billion in October; report impacted by shutdown

October deficit rose 10% from 2024 to $284 billion due to record $31.4 billion tariffs and delayed $105 billion benefit payments after a 43-day government shutdown.

Summary by Reuters
The U.S. government posted a higher $284 billion deficit for October in a report delayed and impacted by the recent federal government shutdown and reflecting record tariff revenues offset by a shift of some November benefit payments into last month's data, the Treasury Department said on Tuesday.

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U.S. News broke the news in New York, United States on Tuesday, November 25, 2025.
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