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Federal government surplus for April shrinks
posted 3:04 pm Mon May 12, 2008 - Washington
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The federal government ran a budget surplus of $159.3 billion in April, smaller than a year ago.The Treasury Department reported Monday that the budget surplus for April was 10.4 percent lower than in April 2007. The government traditionally runs a surplus in April, the month that tax returns are due. However, the weak economy has been dampening growth in revenues this year.
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