$39.60

$39.60, 40 cents to go, is tonight the night for the magical $40. The dollar down to 75.59.

March Madness: U.S. Gov?t Spent More Than Eight Times Its Monthly Revenue
Monday, April 04, 2011
By Terence P. Jeffrey

(CNSNews.com) ? The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government.
During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.
At the same time, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March.
That $1.0528 trillion in spending for March equaled 8.2 times the $128.179 in net federal tax revenue for the month.
The lion?s share of this federal spending went to redeem Treasury securities that had matured during the month?most of which were short-term Treasury bills that have terms of one year or less.