Trump Tax Cuts Lead To Largest Ever Monthly Budget Surplus
The nonpartisan Congressional Budget Office estimates the April surplus will total $218 billion, breaking the prior record of nearly $190 billion notched in April 2001.
Greater-than-expected tax receipts drove the surplus, CBO said, noting the record $515 billion in receipts for the month was as much as $40 billion more than the agency estimated about a month ago.
“The unemployment rate for black workers hit the lowest on record in April, according to the latest jobs figures released by the Bureau of Labor Statistics Friday,” the Washington Examiner reports. “The unemployment rate for black workers dropped to 6.6 percent, beating the previous record low of 6.8 percent set in December.”