US starts 2027 fiscal year with record October budget deficit of $404 billion Reuters
US starts 2027 fiscal year with record October budget deficit of $404 billion - Reuters
In short
The United States has opened its 2027 fiscal year by recording a budget deficit of $404 billion for the month of October. This figure marks a record shortfall for the initial month of the fiscal calendar.
Key points
- The United States has opened its 2027 fiscal year by recording a budget deficit of $404 b…: The United States has opened its 2027 fiscal year by recording a budget deficit of $404 billion for the month of October.
- This figure marks a record shortfall for the initial month of the fiscal calendar.: This figure marks a record shortfall for the initial month of the fiscal calendar.