Federal Spending Sets Record Through November; Deficit Second-Highest Ever

Federal Spending Sets Record Through November; Deficit Second-Highest Ever

By Terence P. Jeffrey | December 10, 2020 | 2:23pm EST
(Photo by Doug Mills-Pool/Getty Images)(Photo by Doug Mills-Pool/Getty Images)

(CNSNews.com) – The federal government spent a record $886,587,000,000 in the first two months of fiscal 2021 (October and November), according to the Monthly Treasury Statement released today.

At the same time, the federal government ran a deficit of $429,337,000,000, which is the second highest deficit the federal government has ever run in the first two months of a fiscal year.

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