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Post by bot on Jan 13, 2015 18:24:42 GMT -5
U.S. runs $2 billion budget surplus in December
WASHINGTON (MarketWatch) -- The federal government ran a budget surplus of $2 billion in December, the Treasury Department reported Tuesday. The December figure brings the government's budget deficit for the first three months of fiscal 2015 to $177 billion, which is 2% higher than the first quarter of fiscal 2014. The government spent $333 billion in December, up 44% from December 2013. Total receipts were $335 billion, an increase of 18%. The December surplus compared to a $53 billion surplus in the same month a year ago, the Treasury said, but part of the difference was due to shifts in the timing of some transactions. Without the timing shifts, the December surplus would have been $11 billion, the Treasury said.
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