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US budget deficit totals $138.5 billion in November

WASHINGTON (AP) - The federal government collected a record amount of tax income for the month of November and also had a record level of spending for the month, producing a budget deficit of $138.5 billion, up slightly from a year ago.

Posted: Dec 12, 2017 1:11 PM

WASHINGTON (AP) - The federal government collected a record amount of tax income for the month of November and also had a record level of spending for the month, producing a budget deficit of $138.5 billion, up slightly from a year ago.

The Treasury Department says the November deficit was 1.4 percent higher than a year ago, reflecting in part higher spending to deal with disaster relief and also higher spending by the Treasury Department on interest payments on the national debt.

For the first two months of this budget year, the budget deficit totals $201.8 billion, up 10.6 percent from the same period a year ago.

The spending increases pushed total outlays in November to $346.9 billion, a record for the month, while receipts totaled $208.3 billion, also a record for November.

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We're closing out the month of November in a pleasant way in northern California Tuesday. We'll have some gusty wind tonight and early Wednesday, but December will begin with warmer and drier than average weather.
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