December Budget Surplus Of $54 Billion

"Federal revenue climbed by 8% to $664.60 billion in the first three months of the latest fiscal year. Individual income and payroll taxes accounted for the bulk of the increase, largely a result of higher tax rates that kicked in during the 2013 calendar year. Spending fell 8% in the first quarter to $838.20 billion, in large part because of improving finances at Fannie Mae and Freddie Mac. The two companies paid $39.57 billion to the Treasury at the end of last year." Jeffrey Sparshott in The Wall Street Journal.