US budget deficit of $404 billion in October
GlobeAlert Desk · curated from Sky News Arabia · United Arab Emirates · North America
The US Treasury Department announced yesterday, Thursday, that the government began fiscal year 2027 with a budget deficit of $404 billion in October, a record for this month, with an increase of $120 billion or 42 percent over the same period last year, as revenues contracted and expenditures increased sharply.
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