wtf.: The US budget deficit spiked by a massive $367 billion in November 2024.

wtf.: The US budget deficit spiked by a massive $367 billion in November 2024.

This was $14 billion above the median expectation of $353 billion.

For the first 2 months of the Fiscal Year 2025, the total deficit now stands at $624 BILLION, the highest on record.

This is up a staggering 64% from the $380 billion seen last year and above 2020 pandemic levels.

To put this into perspective, the budget gap was 3 TIMES lower on average during the 2013-2017 period.

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