U.S. Posts Budget Surplus In April

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The U.S. government posted its first budget surplus in April, the first in more than three years and the biggest since April of 2008, reports Bloomberg News:

 Receipts topped outlays by $59.1 compared with a deficit of $40.4 billion in April 2011, the Treasury Department said today. Economists projected a $35 billion surplus, according to the median estimate in a Bloomberg News survey. It was the first surplus since September 2008 and the biggest since April 2008.

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