The federal government had a budget surplus of $51 billion in January, slightly smaller than the same month a year ago, according to the Congressional Budget Office. For the first four months of fiscal 2018, the shortfall is $174 billion, up $16 billion from the same period a year ago. For the fiscal year to date, receipts are up by 4% and spending is 5% higher, CBO said. Department of Homeland Security outlays have risen 67%, or $12 billion, for the fiscal year due to activities related to disaster relief.
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