ECONOMYUnited States posts record budget deficitThe United States posted the widest November budget deficit on record as spending outpaced revenue by double. The United States ran the largest deficit in six years in fiscal 2018, the first full year of Trump’s presidency — when Republicans enacted a tax-cut package and raised federal spending for the military and other priorities. The measures have added to the growing federal deficit, which is forecast to push beyond $1 trillion by 2020. — From news reportsComing today8:30 a.m.: Commerce Department releases retail sales data for November. 10 a.m.: Commerce Department releases business inventories for October.

Source: Washington Post December 13, 2018 22:41 UTC