The U.S. Treasury is under "immense pressure"! The budget deficit in November reached USD 366.8 billion, a year-on-year increase of 17%
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In November, the U.S. budget deficit surged to $366.8 billion, an increase of 17% year-on-year. The pace of deficit expansion for the fiscal year 2025 has significantly accelerated, with the total deficit for the first two months being 64% higher than the same period last year. November revenue was $301.8 billion, and expenditures were $668.5 billion, leading to a U.S. debt of $36.1 trillion. Despite the Federal Reserve having cut interest rates twice, interest payments remain a significant component of the deficit, with an expected $1.2 trillion in debt interest payments for this fiscal year
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