The receipts in October were $404 billion, and the outlays were $689 billion. The outlays were higher than any month in FY 2025 except August when they were also $689 billion.
If you think October is bad, just wait until November, which usually has the highest monthly deficit. Last year the November 2024 deficit was $367 billion and in November 2023 it was $317 billion.
Medicare spending was $151 billion in October, up from $77 billion in October 2024 and $24 billion in October 2023. What is up with that?
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