Ad  Colonial Metals

"This Changes Everything" - Trump Hands Millions Massive IRS Gift

For decades, America's enemies have siphoned off our wealth, hollowed out the middle class, and cheered on the left's wealth-redistributing agenda. And now, these same forces are counting on you to sit back and miss this opportunity to protect your wealth. Which is why we've put together an exclusive, free and brand-new gold guide that shows you how to protect your wealth with gold now.

Learn More Here

US Treasury posts $210 billion surplus in April

(Reuters) – The U.S. federal budget surplus in April increased from a year earlier as a boost in tax receipts outpaced a rise in outlays, the Treasury Department said on Friday.

The surplus last month was $210 billion, up 19% from the $176 billion surplus in April 2023. Outlays rose 23% to $567 billion.

Receipts increased 22% to $776 billion due to higher tax revenue from individuals and businesses. Economists polled by Reuters had expected a surplus of $244 billion in April.

For the first six months of the fiscal year, the deficit shrank by $70 billion, or 8%, to $855 billion. Receipts were up 10% to $2.964 trillion during that period while outlays rose 6% to $3.819 trillion.

A big driver of the outlays continued to be interest costs on the national debt, which rose 36% on a year-to-date basis to $624 billion, second only to the Social Security program for seniors in individual line item expenses. For April alone debt-servicing costs were $102 billion, up 35% from the year-earlier period.

Individual tax refunds, which are deducted from receipts, were $1 billion higher, up 2% from 12 months earlier. Individual withheld receipts in April were up $50 billion, or 10%, from a year earlier.

(Reporting by Lindsay Dunsmuir; Editing by Paul Simao)

tagreuters.com2024binary_LYNXMPEK490LN-VIEWIMAGE