The federal budget deficit totaled $358 billion in October and November 2021, CBO estimates—$71 billion less than the deficit recorded during the same period last year.
The federal budget deficit totaled $358 billion in October and November 2021, the first two months of fiscal year 2022, the Congressional Budget Office estimates. That amount is $71 billion less than the deficit recorded during the same period last year. Revenues were 24 percent higher than during the same period in fiscal year 2021; outlays increased by 4 percent.
