Thursday, December 11, 2008

Everyone's Delevering... Well, Almost Everyone

MarketWatch reports:

The U.S. federal government deficit soared again in November to $164.4 billion, the Treasury Department reported Wednesday. This is a record shortfall for the month of November. The deficit is $6.7 billion below the November deficit estimated earlier this month by the Congressional Budget Office. The deficit in November 2007 was $98.2 billion. For the first two months of the fiscal year, Treasury reported a record deficit of $401.6 billion. The government spent $99.6 billion in November in various bank bailout programs.

Source: Treasury

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