October federal deficit is a record high

By Jay Heflin

Published November 12, 2020 7:20pm ET

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October federal deficit is a record high — The Treasury Department's report on Russian oligarchs is not a sanctions list, however, many individuals on the list are subject to current U.S. sanctions. Parts of the Treasury report still remain unclassified. (AP Photo/Jacquelyn Martin, File) | Jacquelyn Martin

The federal budget deficit last month was $284 billion, the highest for any October, the Treasury Department reported Thursday.

The prior record was set in October 2009, when the deficit was $176 billion.

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