☰ Sections Got a tip? Search

Cranberry Journal

Friday, November 13, 2026

Also in this edition
Markets
  • S&P 5007,541.68−0.67%
  • Nasdaq25,075.29−1.15%
  • Dow52,261.24−0.07%
  • 10-yr yield5.14%+0.74%
  • Crude$88.63−0.12%
At the close · Nov 13

Treasury

Tagged stories

A five-story office building with a bronze glass facade above a pale stone ground floor, with a sign reading Department of the Treasury, Bureau of the Public Debt over the entrance.
Money

Savers Cashed In $1.2 Billion of I Bonds in October, the Most Since January 2025, Just Before the Fixed Rate Rose to 1.40 Per Cent

Holders redeemed $1.20 billion of Series I savings bonds in October 2026 while buying $424 million, according to the Treasury's Monthly Statement of the Public Debt. On 1 November the Treasury set the fixed rate on new I bonds at 1.40 per cent, the highest since 2006, for a composite rate of 5.51 per cent. The data do not show who redeemed or why.

By Daniel Okafor  

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.
National News

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  

A single-storey Bank of America branch with its red, white and blue sign, seen across a road junction under traffic lights at State Road 520 and A1A.
Business

Bank of America Took a $1.2 Billion Treasury Penalty the Day Before It Reported. The Charge Cost 17 Cents a Share, and Earnings Still Missed Without It.

Treasury announced more than $1.21 billion in anti-money-laundering and sanctions penalties against Bank of America on Tuesday 13 October, and the bank reported third-quarter results the next morning. The bank says the penalty is a non-deductible charge of about 17 cents a share. The bank earned 91 cents a share, or $1.08 excluding the charge, below the $1.12 analysts had expected.

By Margaret Holloway  

Stacks of shipping containers from several lines at a container terminal in the Port of Los Angeles, with blue ship-to-shore cranes against a pink and blue evening sky.
The Numbers

Customs Took In $333 Billion in Fiscal 2026. Refunds Sent About $147 Billion Back Out.

The fiscal year closed on Wednesday with a record $332.6 billion of customs deposits, according to the Treasury's daily cash statement. It also closed with $157.8 billion paid out through Customs and Border Protection, against about $10.5 billion in each of the two previous years. Net of those payments, the border raised less than it did in fiscal 2025. Since May, it has paid out $17.5 billion more than it took in.

By Cory Chamberlain  

Two men walk past the stone facade of the Treasury Department building in Washington, with 'The Department of the Treasury' carved above three doors and seals mounted between them.
The Numbers

Washington Paid $709 Billion of Interest This Year, Almost as Much as It Sent the States for Medicaid

The Treasury paid $709.3 billion of interest on its securities in the fiscal year that ended on Wednesday, according to its daily cash statement, up 16 per cent from a year earlier and more than twice the level of 2022. Medicaid grants to the states came to $721.4 billion. Four years ago interest was about half of Medicaid. The average rate on the debt is still below 3.5 per cent, while new ten-year debt costs 5.3.

By Daniel Okafor