U.S. Budget Deficit Jumps in December as Trump Presses Powell to Cut Rates After Softer Inflation Data
10:25 ص - الأربعاء 14 يناير 2026
The U.S. Treasury said the federal government recorded a 145 billion budget deficit in December, marking a 67% increase, or about 58 billion, compared with the same month last year. The sharp rise was driven by record-high spending, which was inflated by calendar shifts that affected the timing of certain benefit payments and revenue collections.