Today news
About the same in other media
23.12 - 13:36
Federal Budget Deficit Widened in November on Increased Spending
Reading now: 118
The federal government ran a $191 billion deficit during November, a bigger gap when compared with a year earlier, as additional revenue from payroll taxes and other receipts was more than offset by increased spending.
Federal outlays in November rose 30% to $473 billion, the Treasury Department reported Friday. Some federal government agencies, such as the Education Department and Health and Human Services, spent more last month compared with the same period last year in part because of pandemic-related programs, a senior Treasury official said. The Treasury Department’s spending so far in the fiscal year, which began Oct. 1, is up compared with last year in part because of its administration of the expanded child tax credit.
Read more on wsj.comAbout this in other media
Bitcoin, Ethereum Jump as Federal Reserve Doubles Tapering, Signals Three 2022 Rate Hikes cryptonews.com /3 years ago
US Federal Reserve expected to speed up end of pandemic support theguardian.com /3 years ago
Platform allows content creators to farm their social networks for increased earnings cointelegraph.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
