Did You Know? #24

When was the last time the United States ran a budget surplus?

The last time the U.S. government ran an annual surplus was 2001. 

Under Bill Clinton, the U.S. Treasury Department reported a budget surplus of $127 billion. In that same year, the government paid off $90 billion in debt, the second largest debt reduction in history.  In 2000, the budget surplus was $237 billion.