|Published:||Dec 10, 2010 8:13 PM EST|
|Updated:||Dec 10, 2010 5:15 PM EST|
WASHINGTON (AP) - The federal budget deficit rose to $150.4 billion last month, the largest November imbalance on record. And the government's deficits are set to climb higher if Congress passes a tax-cut plan estimated to cost $855 billion over two years.
The Treasury Department says the November budget deficit was 25 percent higher than the $120.3 billion deficit in November 2009. Some of the jump, though, was due to a quirk of the calendar determining when benefit checks are mailed.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
- Flight diverted with landing gear light on
- Officials: 1 dead, 2 missing from migrants' raft
- Elian Gonzalez makes 1st trip abroad since 2000
- Government sells remaining stake in GM
- Jury selected in Montana newlywed killing case
- Attorney confirms Wis. snuggle business has closed
- Congress renews undetectable gun ban for decade
- Riot police storm opposition offices in Ukraine