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U.S. posts first budget surplus since 2008

Daily newsbrief journal for May 2012, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


U.S. posts first budget surplus since 2008

Postby admin » Thu May 10, 2012 10:36 am

U.S. posts first budget surplus since 2008
from MarketWatch.com - MarketPulse
WASHINGTON (MarketWatch) -- The U.S. government in April posted its first monthly budget surplus since September 2008, the Treasury Department said Thursday. The $59 billion surplus came as tax receipts increased and spending on education, Medicare and defense civil programs fell in the month. The surplus in September 2008 -- the month that the financial crisis hit the U.S. economy -- was $46 billion.
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