Pavlo Kot

Charlie Bilello: U.S. government posts $404 billion deficit in October

Charlie Bilello: U.S. government posts $404 billion deficit in October
U.S. posts $404 billion October deficit

The U.S. federal government ran a $404 billion deficit in October, taking in $369 billion in revenue while spending $773 billion.

Charlie Bilello, chief market strategist at Creative Planning, highlighted the scale of the monthly shortfall and cautioned against similar financial management at home.

Bilello has previously tracked performance trends across major assets, noting that Bitcoin and gold posted the largest declines among major assets in 2026. He also drew attention to corporate results, highlighting that Tesla's Q3 revenue remained flat at $28 billion while net income dropped 43%. These observations reflect his focus on significant shifts in both government finances and major market benchmarks.

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