– Biden Administration Runs Record November Budget Deficit:
The Biden administration just ran the largest November budget deficit in history.
And it managed this feat even with a 9% increase in government receipts.
The November budget shortfall came in at $314.01 billion, according to the Monthly Treasury Statement. That was 26% higher than the November 2022 deficit.
Just two months into fiscal 2024, the federal government has run up $380.58 billion in red ink. This follows on the heels of the third-largest annual budget deficit in history.
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