BIGGER DEFICITS: The U.S. federal government's budget deficit widened to $172 billion in November compared to $120 billion in October and 25 percent higher than the imbalance in the same month last year.
UNUSUAL CIRCUMSTANCES: Last month's deficit was pushed higher by a calendar quirk that pulled about $33 billion in benefits payments into November from December.
THE OUTLOOK: The results suggest the nation is on a path to its fifth straight $1 trillion-plus deficit. The government finished the 2012 budget year with a deficit of $1.1 trillion. President Barack Obama and Congress are under pressure to curb the deficit as part of a budget deal to prevent tax increases and deep spending cuts from kicking in Jan. 1.
- Overstock employees ride bicycles to work to...
- Z'Tejas closing after 13 years at The Gateway
- Dave Ramsey says: Don't leave an estate with...
- Renewable energy advocates decry proposed...
- Protesters from across U.S. arrested at Utah...
- Balancing act: Survey says lack of balance,...
- The Gateway adding new dining concept
- Batman's true mission: The search for...
- Protesters from across U.S. arrested at... 12
- Obama gives protection to gay,... 7
- New solar energy project at Utah... 6
- Balancing act: Survey says lack of... 4
- Parks visitors spent $596M in Utah last... 4
- Renewable energy advocates decry... 4
- Beef pollutes more than pork, poultry,... 2
- Airlines scrap Israel flights over... 2