13 Hrs
Source:
The Fiscal Times
Source: The Fiscal Times
13 HrsThe Fiscal Times
Source: The Fiscal Times
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The federal budget deficit was an estimated $409 billion in October, the first month of fiscal year 2027, $125 billion more than a year earlier, the Congressional Budget Office said. Revenues fell by $36 billion and outlays rose by $89 billion compared with October 2025. Ahead of a December 11 government-funding deadline, Committee for a Responsible Federal Budget leader Maya MacGuineas urged Congress to avoid new deficit spending and develop a plan to reduce deficits and maintain Social Security and Medicare trust-fund solvency.
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