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News in English (USA) / 12.12.2024 / 00:00

U.S. Budget Deficit Reaches Record High in November

The federal budget deficit has surged significantly in November, climbing to $367 billion, driven by increased health and defense spending. This figure represents a 64% increase compared to the previous year, with the 12-month rolling deficit reaching $2.1 trillion. The deficit has exceeded forecasts and marks a record-setting month as the Biden administration allocates billions in aid to international partners, including Angola. The current fiscal environment raises concerns as the nation faces a growing financial shortfall.
CNBC, Bloomberg, Honolulu Star-Advertiser, The Center Square, AGF Perspectives, Investing.com, Committee for a Responsible Federal Budget, Must Read Alaska, Jackson Hole News&Guide, MSN