The federal deficit hit a record $249billion in November, with federal spending also hitting new heights in consecutive months, while tax revenues dropped.It comes after the deficit had decreased, according to Biden, by $1.4 trillion - though the non-partisan Bipartisan Policy Center said the reason for the decreased deficit was increased revenues through taxes and reduced federal spending, which came after Covid-related spending expired.The deficit is still $57billion higher than it was in November of 2021, with federal spending up $28billion from last year to $501billion in November 2022, according to the Treasury Department.
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