Budget Deficit Hits Monthly Record Due to Biden’s Policies

Budget Deficit Hits Monthly Record Due to Biden’s Policies
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America’s “monthly federal deficit hit a record $249 billion in November—$57 billion more than the same month last year—with federal spending also hitting new heights in consecutive months, while tax revenues dropped,” reports the London Daily Mail. The deficit is $57billion higher than it was in November of 2021—which is a record-breaking year-on-year change. Federal spending is up $28billion from last year to $501billion in November 2022, according to the Treasury Department. . . . . . . [R]evenues are down $13billion year-to-year to $252billion. . . .
Spending was, in part, driven by an 18 percent—or $14billion—increase in Medicare...
Source: https://www.newswars.com/budget-deficit-hits-monthly-record-due-to-bidens-policies/