US Budget Deficit Doubles As November Spending Hits All Time Monthly High

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Government

While it is unclear if the recent increase in government spending and the resulting increase in the budget deficit, has been a factor in the recent string of better than expected US economic data, at 2pm on Monday the US Treasury announced that in November, the government’s budget deficit rose to $136.7 billion, nearly double the $64.5 bilion deficit reported in the same month of 2015, which however was largely a function of a calendar quirk.
Not only was November total more than double the amount reported a year ago, but the $136.7 billion deficit, was also the highest going back all the way to February of 2016, when it jumped by $192.6 billion. February is traditionally the most spending-intensive month for the US government.

This post was published at Zero Hedge on Dec 12, 2016.