ECONOMY
- Share via
From Times Staff and Wire Reports
Federal Surplus Reported in January: The government had a sizable budget surplus in January, largely because of a bulge in personal income tax payments, the Treasury reported. Overall, the government said it took in $29.81 billion more in January than it spent, a sharp reversal from December, when it spent $38.95 billion more than it took in. Personal income tax payments in January rose to $73.70 billion from $51.17 billion in December.
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox twice per week.
You may occasionally receive promotional content from the Los Angeles Times.
