Treasury: Government runs $172 billion deficit in November

The federal government ran a $172 billion deficit in November, the Treasury Department announced on Wednesday.

The number was higher than in October when the government ran a $120 billion deficit and was 25 percent higher than the same period last year.

November’s deficit, the Treasury Department said, was pushed higher by a calendar quirk that pulled approximately $33 billion in benefits payments into November from December.

The government finished fiscal year 2012 with a $1.1 trillion deficit and is in line to top $1 trillion again for the fifth-straight year based on the first two months of the current fiscal year.

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