November Federal Budget Deficit Highest on Record

Friday, 10 Dec 2010 04:58 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — The federal budget deficit rose to $150.4 billion last month, the largest November imbalance on record. And the government's deficits are set to climb higher if Congress passes a tax-cut plan estimated to cost $855 billion over two years.

The Treasury Department says the November budget deficit was 25 percent higher than the $120.3 billion deficit in November 2009. Some of the jump, though, was due to a quirk of the calendar determining when benefit checks are mailed.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Truce Crumbles: 40 Killed in Gaza, Rockets Hit Israel

Friday, 01 Aug 2014 06:20 AM

A Gaza ceasefire crumbled only hours after it began on Friday, with at least 40 Palestinians killed by Israeli shelling  . . .

Cantor to Resign Seat Early

Friday, 01 Aug 2014 06:16 AM

Congressman Eric Cantor said he will resign his seat effective Aug. 18, months earlier than expected following a shock p . . .

Rep. Steve King: House Will Approve Border Funding Bill

Thursday, 31 Jul 2014 22:54 PM

Rep. Steve King said on Thursday that he believed House Republicans would approve legislation to pay for the immigration . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved