Treasury Secretary Janet Yellen is concerned about the nation’s “fiscal sustainability” this week and said she’s “sorry” that “more progress” wasn’t achieved during the Biden administration. 



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The Hill

Washington

District of Columbia

United States

Yellen ‘sorry’ more progress wasn’t made on deficit

For the month, the deficit totaled $366.8 billion, 17% higher than November 2023

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Media Bias/Fact Check

CNBC

Roberts family

Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago

Treasury Secretary Janet Yellen is concerned about the nation’s “fiscal sustainability” this week and said she’s “sorry” that “more progress” wasn’t achieved during the Biden administration.  Yellen made the comment during a discussion held by The Wall Street Journal’s CEO Summit on Tuesday. Greg Ip, chief economics commentator for the publication, asked about the federal…

Nexstar Media Group

New Treasury Department data show that the U.S. government registered a larger-than-expected budget shortfall in November, bringing the federal deficit to above half a trillion dollars in the first two months of the fiscal year.
According to the latest Monthly Treasury Statement, the federal government posted a $367 billion monthly deficit last month, up 16 percent from a year ago.
This was slightly higher than the consensus estimate of $353 bil…

The Epoch Times

Epoch Media Group

New York

US Budget Deficit Surges 16 Percent to $367 Billion in November

WASHINGTON >> The U.S. government posted a $367 billion budget deficit for November, up 17% from a year earlier, as calendar adjustments for benefit payments boosted outlays by some $80 billion compared to the same month in 2023, the Treasury Department said on Wednesday. The Treasury Department said that without the acceleration of December payments for the Medicare and Social Security programs into November, the deficit last month would have b…

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David Black

Honolulu

Honolulu County

Hawaii

Federal government budget deficit climbs to $367B | Honolulu Star-Advertiser

U.S. Faces Surging November Budget Deficit  The United States government experienced a significant fiscal challenge in November, with the budget deficit climbing to $367 billion. This marked a substantial 17% increase from the previous year, as financial calendar adjustments led to accelerated payments for Medicare and Social Security benefits, totaling an additional $80 billion.According to the Treasury Department, without these payment shifts,…

Devdiscourse

India

U.S. Faces Surging November Budget Deficit

The monetary authorities expect significantly higher new debt. The growth outlook for 2024 and 2025 has been lowered.

Die Währungshüter rechnen mit einer deutlich höheren Neuverschuldung. Die Wachstumsaussichten für 2024 und 2025 wurden gesenkt.

Nationalbank schlägt Alarm: Budgedefizit wohl noch schlimmer als gedacht

Kurier

Funke Mediengruppe

National Bank sounds alarm: budget deficit probably even worse than expected

The government's fiscal deficit, which measures the gap between income and total expenditure, increased in October compared to the same period of the previous year, from 2.5% of gross domestic product (GDP) to 2.9% in the first 10 months of 2024.This financial balance accumulates two consecutive years of deterioration, after a period of recovery following the fiscal reform approved in 2018.According to the most recent report of the Ministry of F…

El déficit fiscal del Gobierno, que mide la brecha entre los ingresos y los gastos totales, aumentó al mes de octubre respecto al mismo periodo del año anterior, al pasar de 2,5% del producto interno bruto (PIB) a 2,9% en los primeros 10 meses del 2024. Este balance financiero acumula dos años consecutivos de deterioro, luego de un periodo de recuperación posterior a la reforma fiscal aprobada en 2018.Según el informe más reciente del Ministerio…

Déficit fiscal del Gobierno aumenta en octubre presionado por mayores gastos

La Nación, Grupo Nación

Government Fiscal Deficit Increases in October Pressured by Higher Expenditures · Global Voices

WASHINGTON: US Treasury Secretary Janet Yellen said yesterday that the US will “react strongly” when countries try to manipulate their currencies for competitive advantage, but at the moment there is not such market intervention.
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New Strait Times

Media Prima

Malaysia

Yellen says US will 'react strongly' to any currency manipulation

Janet Yellen "Sorry" After Presiding Over $15 Trillion Increase In US Debt Something funny happened in late November. Outgoing Treasury Secretary, and former Fed chair and vice chair, Janet Yellen said that she spoke with Donald Trump’s nominee to be her successor, Scott Bessent, after he was selected for the job. During a Tuesday event organized by the WSJ, Yellen said that in a call before Thanksgiving, she told Bessent, a veteran hedge-fund m…

Zero Hedge

Janet Yellen "Sorry" After Presiding Over $15 Trillion Increase In US Debt

Ms. Yellen, who will step down from her role when President-elect Trump takes office in just a few weeks, has presided over a Treasury Department that saw the national debt increase to $36.1 trillion.

The New York Sun

After Presiding Over Skyrocketing National Debt, Outgoing Treasury Secretary Janet Yellen Frets Over ‘Fiscal Responsibility’ and Says Deficit ‘Needs To Be Brought Down’

Yellen ‘sorry’ more progress wasn’t made on deficit

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