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