The budget
The deficit is still about 6 percent. That count is Friday's.
Reuters, Friday in New York: investors see no fix for a deficit around 6 percent of GDP and a $2 trillion gap, whoever wins Tuesday. The photograph is the Capitol on Sept. 28.
The Rocket News · Business Desk · New YorkNovember 1, 2026 · 2 min read

NEW YORK — The United States’ deteriorating fiscal picture has been a nagging worry for investors, who see no easy solutions however Tuesday’s midterms play out, Reuters reported Friday. Confidence in Treasuries has weakened this year as the national debt tops $40 trillion. If Republicans retain control, investors expect more of the same pressure on the public purse. If Democrats win Congress, gridlock may make new spending harder to agree, and a real fiscal consolidation is still unlikely, investors said. The deficit is expected to remain around 6 percent of gross domestic product, with a $2 trillion budget gap this year. This is Friday’s count. Markets were closed on Sunday, and this desk is not printing a new price.
Chris Maxey, chief market strategist at Wealthspire, said: “It really does come back to where the current deficit is, the amount of debt outstanding, and the rising interest costs associated with it.” He said a Democratic win will not necessarily change how the Treasury finances the deficit. After two years of Republicans controlling Congress and the presidency, Democratic majorities in both chambers are the most likely outcome on Tuesday, according to the prediction markets Kalshi and Polymarket. A recent Reuters poll showed an 11-point Democratic advantage. That poll is not Sunday’s Election Lab count of ballots already cast.
It really does come back to where the current deficit is, the amount of debt outstanding, and the rising interest costs associated with it.
The photograph is Sept. 28, the Capitol framed by fall foliage. Kylie Cooper made it for Reuters. It is not a trading floor. It is not Sunday.
Wire and further reading: reuters.com
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Oil
Brent settled at $117.64. WTI settled at $104.12.
Reuters, the Friday settlement in Houston: Brent’s December contract rose $2.76 and expired at $117.64. WTI rose $2.12, to $104.12. Not the morning print. The photograph is a pumpjack from October 2025.

Oil
Oil fell before New York. Brent was $114.10.
At 3:51 a.m. Greenwich time, Reuters had Brent down $1.22, at $114.10, and WTI at $101.45. Not the settlement. The photograph is a Permian pumpjack from October 8, 2025.

Markets
Oil rose before New York. Saudi did not confirm a strike.
As of 1:40 a.m. GMT, Brent was $115.36 and West Texas Intermediate was $101.12. The Houthis said they hit Saudi Arabia's biggest refinery. Saudi authorities did not confirm it. This is not a settlement. The photograph is June 22 in the Strait of Hormuz.
