BREAKING: The US Treasury posted a $284.4 billion deficit in October, the worst opening month to any fiscal year in history.
— The Kobeissi Letter (@KobeissiLetter) November 26, 2025
This exceeds the previous record of $284.1 billion in October 2020, during the historic pandemic response.
Government spending jumped +18% YoY, to $688.7… pic.twitter.com/phxhjHkFRT
The Economy
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