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Federal government surplus for April shrinks



By MARTIN CRUTSINGER, AP
12 May 2008 @ 02:37 pm ET

WASHINGTON - The federal government ran a budget surplus of $159.3 billion in April, smaller than a year ago.

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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.

Copyright 2009 The Associated Press. All rights reserved.
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