US on track for narrowest budget gap since 2008

Published May 12, 2014 6:24pm ET



WASHINGTON (AP) — The U.S. government ran a big surplus in April, thanks to a flood of tax payments that helped keep the budget on track for the lowest annual deficit in six years.

The Treasury Department said Monday that April’s surplus totaled $106.9 billion, down slightly from last April’s $112.9 billion surplus. The government typically runs a surplus during April, when individual tax returns are due and corporations make quarterly tax payments.

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