Treasury Cash Balance Jumps Most in 2 Years as Tax Payments Rise
- Cash pile climbs to $897 billion, highest since May 2022
- Cash balance jumps $172 billion, most since April 2022 tax day
The US Treasury building in Washington, DC.
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
The US Treasury’s cash balance surged on Monday as payments poured in at the government’s mid-April deadline for income taxes.
The cash pile rose by $172 billion to $897 billion on Monday, the highest since May 2022, according to data released Tuesday. That’s the largest increase since the 2022 tax collection deadline.