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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 officials signal further rate hikes as inflation remains elevated

FEATURED FUNDS ★★★★★ Motilal Oswal Midcap Fund Direct-Growth 5Y Return 19.48 % Invest Now FEATURED FUNDS ★★★★★ UTI Aggressive Hybrid Fund Regular Plan-Growth 5Y Return 9.91 % Invest Now The Economic Times daily newspaper is available online now. Federal Reserve officials are signaling further interest-rate increases to combat persistent inflation…

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