US Government Posted $3B Surplus In January

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By IBTimes Staff Writer | February 13, 2013 7:21 AM EST

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.

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