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US Budget Deficit Hits $284B in October
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.
- On Nov 25, the U.S. Treasury Department reported a $284.4 billion budget deficit for October, the first month of fiscal 2026, in a delayed release.
- After a 43-day federal shutdown, payments were delayed and about US$105 billion of November benefit payments for military and healthcare programs shifted into October, a Treasury official said.
- October outlays reached $689 billion, while receipts hit a record $404 billion; non‑withheld individual tax receipts rose to US$80 billion, interest costs climbed to US$104 billion, and corporate tax receipts were flat at US$18 billion.
- Adjusting for timing shifts, the October deficit would have been about $180 billion, a 29 percent reduction from an adjusted October 2024 deficit of $252 billion, as the reported deficit rose US$27 billion from October 2024. The Congressional Budget Office last week cut its estimate of tariff‑related deficit reductions from US$4 trillion to US$3 trillion.
- Amid legal scrutiny, the US Supreme Court cast doubt on tariffs earlier this month, while net customs duties hit $31.4 billion in October, surpassing $29.7 billion in September.
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The Globe & MailReposted by 
tipranks.com
tipranks.comU.S. Budget Swings to Massive $284B Deficit
Tipranks Press Release.
·Canada
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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.
·United States
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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.
·United Kingdom
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Total News Sources29
Leaning Left3Leaning Right6Center6Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
Factuality
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