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Tony_FLADEM

(3,023 posts) Thu Feb 10, 2022, 04:05 PM Feb 2022

U.S. runs $119 billion January budget surplus, Treasury says

Treasury Department said Thursday.

Key details: Spending in January was $346 billion while receipts totaled $465 billion, the agency said.

For the fiscal year to date, the deficit was $259 billion compared to $736 billion last year.

Big picture: The deficit looks relatively tame during the first four months of the fiscal year mainly because last year the government had kept open the spending floodgates in 2021 to battle the effects of the coronavirus pandemic on the economy.

https://www.marketwatch.com/story/u-s-runs-119-billion-january-budget-surplus-treasury-says-11644520318?