Deficit

Aerial view of a container port on a narrow island, with a red-hulled ship stacked with containers moored beside large blue cranes, rows of containers and trailers on the quay, and a city skyline and smaller islands in the background.

How Washington Ran a $404 Billion Deficit in the First Month of Fiscal 2027: Customs Down $12 Billion, Defense and Medicare Up $51 Billion

The federal government ran a deficit of $404.1 billion in October 2026, the first month of fiscal year 2027, against $284.3 billion a year earlier, according to the Monthly Treasury Statement. Receipts fell 8.8 per cent to $368.9 billion and outlays rose 12.2 per cent to $773.0 billion. One month is a small and noisy sample.

By Margaret Holloway 3 hours ago

The colonnaded north front of the Palais Bourbon, seat of the French National Assembly, in Paris, with a French flag on the roof and flags along the railings, under a pale sky.

World

France's Assembly Votes on Its Revenue Budget on Tuesday. The Finance Committee Rejected It 31 to 3, and Paris Pays About 137 Basis Points Over Berlin.

The French National Assembly holds its first major vote on the 2027 budget's revenue package on Tuesday 20 October. Its finance committee voted 31 to 3 against the package. The 10-year French yield closed near 4.79 per cent on Friday, about 137 basis points over Germany. The government wants a €54 billion adjustment.

By Thomas Gutierrez October 18, 2026

Deficit

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How Washington Ran a $404 Billion Deficit in the First Month of Fiscal 2027: Customs Down $12 Billion, Defense and Medicare Up $51 Billion

France's Assembly Votes on Its Revenue Budget on Tuesday. The Finance Committee Rejected It 31 to 3, and Paris Pays About 137 Basis Points Over Berlin.