US posts $404B October deficit
The 12-month federal deficit reached $2.1 trillion, the largest in 20 months.
$404 billionOctober spending above revenue
$2.1 trillion12-month federal deficit
20 monthsLargest 12-month deficit in this span
What we know
The US ran $404 billion more in spending than revenue in October, pushing the 12-month deficit to $2.1 trillion, according to a market strategist citing government data.
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@charliebilello
“$404 billion more than it took in during October”
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