Policy

US Runs Budget Surplus in September, Federal Deficit Lowest Since 2008

Federal government took in 80 cents for each dollar spent over the year

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Rising tax receipts led the United States to run a budget surplus in September, leaving the federal deficit for the full fiscal year at its lowest level since 2008, Treasury Department data showed on Wednesday.

The federal government took in $75.1 billion more last month than it spent, leaving the deficit for the fiscal year, which runs from October to September, at $680 billion.