US Budget Deficit Widened to $65 Billion in November

The U.S. federal government ran $65 billion into the red in November, up 14 percent from the same period last year, the Treasury Department said on Thursday.

Analysts polled by Reuters had expected a $68 billion deficit for last month. The government had a deficit of $57 billion in November of 2014.

The current fiscal year-to-date deficit stood at $201 billion. Receipts last month totaled $205 billion, while outlays stood at $270 billion.

Accounting for calendar differences in the timing of benefits payments and budget receipts would yield a deficit of $126 billion in November versus $98 billion in the same month of 2014.