The US monthly budget statement

  • Last November the deficit was $138 billion
  • Two years ago in November it was $136 billion
  • Fiscal year-to-date deficit $305B vs $202B a year ago
  • Outlays $411B vs $347B prior
  • Receipts $206B vs $208B prior

The monthly numbers can be skewed by calendar effects, like the number of Fridays in a month or when holidays fall but the trend in the US budget isn't pretty.