US Government Posted $3B Surplus In January

  @JosephLazzaro on

The U.S. government posted a $3 billion surplus in January -- the first monthly surplus since 2008 -- aided by last-minute "fiscal cliff" deal investors trying to beat higher taxes in 2013 and by the expiration of the payroll tax cut.

In January, federal government revenue totaled $272.2 billion and expenses totaled $269.3 billion.

The U.S. government posted a $1.1 trillion deficit for fiscal 2012, which ended Sept. 30, 2012.

Details to follow.

 

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video