Thu, 10 May 2012 19:08:10 GMT
First US government budget surplus after Lehman Brothers collapse
After cutting expenses on education, Medicare and defense programs and increasing tax revenues US government announced budget surplus of USD 59.1b in April. It is the first budget surplus after Lehman Brothers collapsed in September 2008. Budget deficit was USD 40.4b same time last year and USD 198.2b a month ago.