Dems are restocking the treasury. The economy growing by 6% and federal and state incomes are soaring due to bottom-up prosperity.
Although lord knows why the Dems bother since the Rs will again just give it all away to rich people as soon as they can.
Bidenomics paying the way after 'conservatives' emptied the treasury.
The federal budget in January ran a monthly surplus for the first time since September 2019, as the government took in more in tax and other revenue and spent less on Covid-19 pandemic aid programs.The surplus last month reached $119 billion, the Treasury Department reported Thursday. Government receipts for the month rose by 21% from a year earlier to $465 billion, not adjusting for calendar differences. Federal spending, meanwhile, fell in January by 37% to $346 billion.In January of the previous fiscal year, the government ran a deficit of roughly $163 billion.Federal outlays surged during the pandemic as the government administered programs that provided aid to workers, small businesses and families. That spending has receded as many of the programs, such as monthly child tax-credit payments, expired. Government receipts also have been trending higher, with rising wages and salaries boosting workers’ taxable earnings. Receipts from withheld payroll taxes climbed 21% in January from a year earlier, according to Treasury data.The increase also reflected payments of payroll taxes that employers had been allowed to defer as part of federal coronavirus relief.The government is running a roughly $259 billion deficit so far in the fiscal year, which began in October, a 65% decline from the $736 billion deficit during the year-ago period.