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Trump heads to Iowa and Kansas. More than 52 million have voted. · Russian strikes cut power to hundreds of thousands. · Iran's negotiators spent a third day in Doha. · The White House is mapping how to govern if Democrats win. · The deficit is still about 6 percent. That count is Friday's.

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

The U.S. Capitol, framed by fall foliage, Sept. 28, 2026. Kylie Cooper, Reuters. It is not a trading floor, and it is not Sunday’s session. Markets were closed.
The U.S. Capitol, framed by fall foliage, Sept. 28, 2026. Kylie Cooper, Reuters. It is not a trading floor, and it is not Sunday’s session. Markets were closed.

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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