Reply #43: Federal deficit record for a November -$83.1 Billion [View All]

[UpInArms]

http://www.marketwatch.com/news/print_story.asp?print=1&guid={5AD24890-85B5-4D75-9E29-A76AEE8447AB}&siteid=mktw

WASHINGTON (MarketWatch) -- The U.S. federal budget deficit widened as expected to $83.1 billion in November, the largest deficit of any November, the Treasury Department said Monday.

A year ago, the deficit was $57.9 billion.

Earlier, the Congressional Budget Office had estimated the deficit would rise to $82 billion.

In November, receipts rose 3.2% to $138.8 billion, while outlays were up 15.3% to $221.9 billion. Read the full report.

For the first two months of the 2006 fiscal year, the deficit has increased about 13% to $130.2 billion from $115.2 billion at this time last year.

Receipts are up 2.5% year-to-date, while outlays are up 8.3%.

Individual income tax receipts rose by 9.1% year-to-date to $133.6 billion. Corporate income tax payments fell 10.1% to $9.4 billion.

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