The Congressional Budget Office (CBO) estimated on Friday that the federal budget deficit reached $383 billion in the past two months. The nonpartisan budget scorekeeper estimated that the government racked up a deficit of $317 billion in November, which is $68 billion higher than the deficit recorded during the same period last year and $250 billion higher than the deficit reported by the Treasury Department in October. While the office estimated revenues seen in October and November marked a 19 percent increase from the same period in 2022, the CBO said the two-month deficit this year was still $47 billion higher as outlays increased by 17 percent. The CBO pointed to two areas
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