The U.S. Treasury’s cash balance sharply increased during 2025’s tax season as collections rose from the previous year’s season.
What Happened: The Treasury’s cash balance rose by $185 billion on Tuesday, the U.S. deadline to file tax returns for the previous year, according to Bloomberg. This represents the largest one-day increase since 2022. On the whole, tax receipts are substantially higher than they were in 2024.
The department’s cash …Full story available on Benzinga.com
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