U.S. Posts Smaller Budget Surplus in April Than Forecast
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The U.S. posted a smaller budget surplus in April than economists projected, as spending increased at more than twice the pace of tax receipts.
Revenue exceeded spending by $106.9 billion last month, compared with a $112.9 billion surplus a year before, the Treasury Department said today in Washington. The median estimate in a Bloomberg survey of 24 economists was for a $114 billion surplus.