US Treasury cash balance jumps most in two years as tax payments rise
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The US Treasury's cash balance surged by $172 billion to $897 billion on Monday, the highest since May 2022. Taxpayers are expected to owe more this year due to higher incomes and a booming stock market. Treasury collected roughly $63.5 billion in corporate taxes, $86.6 billion in non-withheld individual electronic payments, and $4.66 billion in non-withheld individual "other" payments. To date, Treasury has collected roughly $290 billion in tax-related income this month.



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