Record Revenue Boosts U.S. April Budget Surplus to 7-Year High

[Purveyor]

Source: Bloomberg

by Kasia Klimasinska
2:00 PM EDT
May 12, 2015

The U.S. budget surplus in April rose to the highest level since 2008 on record revenue as hiring improved during a month when Americans file tax returns.

Revenue exceeded spending by $156.7 billion last month, compared with a $106.9 billion surplus a year earlier, the Treasury Department said Tuesday in Washington. The median estimate in a Bloomberg survey of 24 economists was for a $155 billion surplus.

Hiring bounced back in April as the jobless rate fell to 5.4 percent, the lowest since May 2008, from 5.5 percent month earlier. That’s swelling the Treasury’s coffers and improving the nation’s fiscal situation as spending gains 6.4 percent so far this year.

“We had a very solid improvement in tax receipts,” said Stephen Stanley, chief economist at Amherst Pierpont Securities LLC in Stamford, Connecticut. “It’s consistent with a solid economy.”

Read more: http://www.bloomberg.com/news/articles/2015-05-12/record-revenue-boosts-u-s-april-budget-surplus-to-7-year-high

[Stuart G]

1. K and R..Great News..now take some of that surplus and spend on..

Roads, bridges, and most important people

[IronLionZion]

2. Give it to the most important people

and they will trickle it down all over us!

[davidpdx]

3. I think they'd rather take a piss on us

Metaphorically speaking............

[wordpix]

4. in light of the Amtrak disaster, spend on the rails, too

[Igel]

5. Or perhaps average it with the (greater) monthly deficits?

After all, it is a *monthly* surplus, and we often have one in April.