Even with the federal government ostensibly trying to limit spending with its head against the debt ceiling, it managed to run another massive deficit in November.
The budget shortfall last month was $191.34 billion, according to the latest Treasury Department statement . That was 31.7% higher than the November 2021 deficit. This comes on the heels of the second-largest annual budget deficit in history . Uncle Sam spent $2.77 trillion more than he took in during fiscal 2021.
Of course, the spending isn’t slowing down.The Biden administration blew through another $473 billion in November. That brings total federal spending to […]
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