U.S. government posts $284.4B deficit in October, wider than expected

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The U.S. government had a deficit of $284 billion in October, according to a report delayed by the closure of the federal administration, which reflected record revenue from tariffs offset by the transfer of some benefits payments from November to last month, the Treasury Department said on Tuesday. Budget results for the first month of fiscal year 2026 were delayed by the 43-day closure of many federal agencies, which caused delays in some paym…