WASHINGTON (Reuters) – The U.S. government reported a $49 billion surplus in January, the Treasury Department said on Monday.
That compared with a budget surplus of $51 billion in the same month last year, according to Treasury’s monthly budget statement. Economists polled by Reuters had forecast the Treasury recording a $51 billion surplus last month.
Accounting - Calendar - Adjustments - Surplus - Month
When accounting for calendar adjustments, the surplus last month was $20 billion compared with an adjusted surplus of $33 billion in the same month in the prior year.
In December, President Donald Trump signed into law a package of tax cuts that will add $1.4 trillion over 10 years to the national debt.
Congress - Deal - Week - Trump - Funding
After Congress agreed on a wide-ranging deal last week, Trump also enacted a funding law that is...
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