US Budget Deficit Surges 16 Percent to $367 Billion in November

Treasury Secretary Janet Yellen apologized that the current administration could not do more to improve the government’s fiscal health.

The national debt clock at a bus station in Washington on Nov. 26, 2024. Madalina Vasiliu/The Epoch Times

New Treasury Department data show that the U.S. government registered a larger-than-expected budget shortfall in November, bringing the federal deficit to more than half a trillion dollars in the first two months of the fiscal year.

According to the latest Monthly Treasury Statement, the federal government posted a $367 billion monthly deficit last month, up 16 percent from a year ago.