The federal purse
The Treasury Department issues a report today on how much money Uncle Sam took in and paid out last month.
The November report showed the federal government’s receipts and outlays translated into a deficit of $145.3 billion for the month. Economists predict the December shortfall swelled to $190 billion. That would be a far bigger deficit than in December 2019, when the government ended the month with a shortfall of $13.3 billion.