The federal government incurred a deficit of $155 billion in November 2025, CBO estimates— $212 billion less than the deficit recorded last November. The federal budget deficit totaled $439 billion in October and November 2025, the first two months of fiscal year 2026, the Congressional Budget Office estimates. That amount is $185 billion less than the deficit recorded during the same period last fiscal year. Outlays were $73 billion (or 6 percent) lower, and revenues were $112 billion (or 18 percent) higher.
The Net Interest on the Public Debt was $185 billion fiscal year to date. For some reason, they don't tell you what it was just for November. Since October was $91 billion, November was $94 billion.
Source: https://www.cbo.gov/system/files/2025-12/61308-MBR.pdf
The Federal Reserve actually had a small surplus of about $400 million in November, so it looks like its days of losing massive amounts of money are over. Their cumulative deficit as of 11/26/25 was $243.2 billion. They need to get this back to zero, which will take many years to do.
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