U.S. Posts Budget Surplus In April

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.