US federal budget deficit for October $-67 billion versus $65 billion expected ...Middle East

Federal budget deficit for October $-67 billion versus $-65 billion estimateLast month $-171 billionThe fiscal 2023 deficit which ended September 30 was the largest outside the Covid 19 era and nearly $1.7 trillionOctober deficit shrank by 24% to $67 billion compared to $88 billion a year earlier.Federal revenues in October surged by 27% to a record $403 billion, mainly due to tax payments from states with extended deadlines due to natural disastersInterest paid on national debt was $89 billion more than doubled in the past month.Outlays increased by 16% to $470 billion, with a significant portion attributed to a $41 billion year-over-year increase in interest payments on the U.S. government

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