Federal Deficit For November Hits Record High Despite Tax Reform

Spending is up sharply under President Trump while revenues are flat after tax reform.

Tax reform stands as the one major legislative accomplishment of the Trump Administration. The measure became law a year…

Figures from November show that the budget deficit was the largest ever recorded for that month. The Treasury Department reported Thursday that federal spending increased by 18 percent to $411 billion for the first two months of FY 2019.