how did that happen so quick?
I guess ending the Iraq helped as well as the improving economy .. they give other reasons as well
U.S. to run first surplus since 2008: CBO
Surplus is first of Obama’s presidency
WASHINGTON (MarketWatch) — The U.S. government recorded a budget surplus of $58 billion in April, the Congressional Budget Office estimated on Monday, breaking a streak of deficits that began in 2008.
The surplus — the first of Barack Obama’s presidency — was the result of both increased tax collection and lower government spending. Before April, the government had not run a surplus since September 2008, the month that the financial crisis struck the U.S. economy. Read CBO report.
The CBO’s estimate is released before the Treasury Department’s monthly budget report. That report is scheduled for later this week.
CBO estimated that receipts were $30 billion higher in April than the same month a year ago, due to declining refunds that month and higher corporate income tax receipts. Spending fell by $69 billion compared to April 2011, marked by lower outlays on defense, Medicaid and the Postal Service.
more: http://www.marketwatch.com/Story/Story/ ... 8049AD6%7D