Under President Clinton: In 1998, the United States achieved its first federal budget surplus in 29 years, effectively e [View all]

In 1998, the United States achieved its first federal budget surplus in 29 years, effectively ending a streak of deficits that had lasted since 1969. ⁠
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This milestone was achieved under President Bill Clinton, following the passage of the Balanced Budget Act of 1997, which resulted in a fiscal surplus of approximately $69 billion for that year.⁠

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