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Record $404 Billion October Deficit Marks Start of US Fiscal 2027

‘We’re now in the era of $2 trillion deficits,’ said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. The U.S. government opened fiscal year 2027 with a record-setting $404 billion budget deficit in October, according to the Treasury Department. Last month’s fiscal shortfall was $120 billion, or…

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Fed considers faster hikes as higher prices seep into broader economy

topics: Federal Reserve Inflation Interest rates Consumer price index Oil prices Core inflation Rate hikes Credit cards Tuesday's consumer price index report showed broadly rising costs across a range of goods and services, some with little connection to more expensive oil and gas or surging investment in artificial intelligence data…

1,210 words30 outlets
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Goods exports rise to record high in October

India’s merchandise exports surged 45% in October to a record $49.47 billion, while imports rose 16.51% to $89.35 billion. India’s merchandise exports rose 45% in October to $49.47 billion from $34.11 billion a year earlier, the highest monthly value on record, though costlier oil amid the conflict in West Asia…

746 words3 outlets
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