The US government recorded a deficit of $85 billion in December, bringing the total deficit to nearly $1.42 trillion for 2022.
December’s deficit was nearly four times as large as the $21.3 billion deficit recorded in December 2021 as spending grew and revenue fell last month.
The House Republicans’ rules package adopted earlier this week included measures aimed at reining in federal government spending and keeping a lid on taxes.
The federal budget deficit fell to $1.4 trillion for the 2022 calendar year
1/12/2023
