> The surplus last month was the first since the $83 billion reported in September 2019 and the largest since the $160 billion in April 2019. April and September are traditionally months with high tax collections....
> The surplus for the month also was helped by the recognition of $70 billion in proceeds from a wireless spectrum auction, a U.S. Treasury official said.
It seems like this is a month to month number that fluctuates widely based on one-off events and things like when people typically pay their taxes.
> The surplus for the month also was helped by the recognition of $70 billion in proceeds from a wireless spectrum auction, a U.S. Treasury official said.
It seems like this is a month to month number that fluctuates widely based on one-off events and things like when people typically pay their taxes.