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U.S. Federal Budget Deficit Widens to $404 Billion in October
Federal outlays increased from a year earlier, while receipts declined.

At $404 billion, the U.S. federal budget shortfall in October exceeded a $298.6 billion consensus estimate, with spending higher and revenue lower than a year earlier.
The October shortfall followed the fiscal 2026 deficit of $1.992 trillion, which was 12% above fiscal 2025. That fiscal year ended Sept. 30.