US Treasury cash balance jumps most in two years as tax payments rise
The US Treasury’s cash balance surged by 2 billion to 7 billion on Monday, the highest since May 2022. Treasury collected roughly .5 billion in corporate taxes, .6 billion in non-withheld individual electronic payments, and .66 billion in non-withheld individual “other” payments. Treasury has collected approximately 0 billion in tax-related income this month.