The US budget deficit expanded by 19% in November, reaching $624 billion, driven mainly by increased spending on health, defense, and Social Security. This represents a significant increase from the same period last year. The widening gap is largely due to lower revenues, primarily caused by deferred taxes in 2023.
Source: https://www.bloomberg.com/news/articles/2024-12-11/us-deficit-widens-in-november-on-higher-health-defense-spending