The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and record collections of import duties,

U.S. tariff revenue hit a record $16.3 billion in April, easing the budget deficit rate as President Donald Trump's sweeping tariffs took hold.

Overall, the US government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier.

The U.S. government posted a $258 billion budget surplus for April, up 23% from a year earlier, reflecting strong tax receipts in the final month of the tax season and surging collections of import duties,

The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, the Treasury Department said on Monday.

RELIEF following the tariff war de-escalation looks set to be quickly replaced by government budget tensions. Alarms are ringing loudly as the United States hits a historic debt metric even as the administration is seeking to extend tax cuts.

With Burlington facing an $8M deficit in this year's fiscal budget, Mulvaney-Stanak said she made the difficult decision to cut 25 positions as part of a cost-saving strategy and to avoid raising taxes on residents.

Adding 2 percent of G.D.P. to the budget deficit would add a substantial amount to its twin, the trade deficit (broadly defined, or what economists call the “current account deficit”), taking it toward 6 percent of G.D.P. from 4 percent, with the exact increase depending on a number of other moving pieces in the economy.

The Washoe County School Board passed a motion Tuesday that would reduce its budget deficit by about $5 million, but it had to make some tough decisions on wher