US government ran a $214.3 billion surplus in April
WASHINGTON (AP) — The federal government swung to a surplus of $214.3 billion in April, primarily reflecting the revenue from that month's annual tax filing deadline.
The Treasury Department reported Thursday that last month's surplus increased 17.4 percent from a year ago. The April surplus reflected both an increase in tax revenue and a decrease in the costs of certain health care and benefit programs that were pulled forward to March.
Federal income tax returns were due on April 17. The month usually generates a surplus even if the government is on pace to run a deficit for the entire year.