US Posts Biggest Budget Surplus Since 2008

Thanks to tax receipts

The U.S. posted its widest budget surplus in five years in April, swelled by stronger individual and corporate income-tax receipts.

The surplus for the month when tax payments are due increased to $112.9 billion, the biggest since April 2008, from $59.1 billion a year earlier, the Treasury said in its monthly budget statement today in Washington. The median forecast in a Bloomberg survey of 24 economists was for an April surplus of $112 billion.