As the U.S. government's fiscal year began on Oct. 1, the financial outlook took a dramatic turn in November, with the Biden administration overseeing a staggering $366.8 billion deficit — greater than a third of a trillion dollars in a single month.
This unprecedented hike has sparked accusations of deliberate sabotage against President-elect Donald Trump's incoming administration. Yet, Trump and his supporters remain optimistic, pointing to his proven ability to cut taxes, slash unnecessary spending, and ignite economic growth as the keys to overcoming these challenges.
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