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.
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16 Articles
US Kicks Off Fiscal Year With $284 Billion Deficit Amid Shutdown
The US kicked off the 2026 fiscal year with a $284 billion budget deficit last month, underscoring the Trump administration’s challenge in attempting to dramatically shrink federal borrowing needs in coming years.
US budget deficit hits $284 billion in October; report impacted by shutdown
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.
US budget deficit hits US$284bil in October; report impacted by shutdown
WASHINGTON: The US government posted a higher US$284 billion deficit for October in a report delayed and affected by the recent federal government shutdown, with record tariff revenues partly offset by a shift of some November benefit payments into last month’s data, the Treasury Department said on Tuesday.
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