Welcome to myLot!

existing user?

username
password
forgot your password?
 
 

new user?

desired name
 
Your myLot URL will be:
http://myLot.com/desiredname
 

popular interests

 
  make extra money
1 minute ago
 
  single
2 minutes ago
 
  relationships
6 minutes ago
 
  cell phone
6 minutes ago
 
  life
6 minutes ago
 
  internet
6 minutes ago
 
  watching movies
9 minutes ago
 
  india
12 minutes ago
 
  travel
13 minutes ago
 
  mylot.com
14 minutes ago
 
  watching television
14 minutes ago
 
  religion
15 minutes ago
 
myLot population
135,414
  users by location
  top referrers
  users by rating
homeinterestsdiscussionsblogsnewsmessages friendsphotosearningsmyLot
web | myLot | discussions | blogs | news | photos

sponsors
Online College Programs - US Residents
Get matched with up to 5 colleges with 1 form. Serious inquiries only.
www.NexTag.com/online-degrees

No Time for School? Graduate Online
Get a Degree in as Few as 2 Yrs- Graduate Faster with Online Classes.
www.ClassesUSA.com

Federal government surplus for April shrinks email this discussion to a friend?

By MARTIN CRUTSINGER
AP Economics Writer
 
2 months ago

WASHINGTON (AP) - 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.


Through the first seven months of this budget year, the federal deficit totals $152.2 billion, nearly double the $80.8 billion deficit during the same period in 2007.


The Bush administration, when it sent its latest budget proposal to Congress in February, estimated that the deficit for the whole year would total $410 billion, very close to the all-time high in dollar terms of $413 billion set in 2004.


However, many private economists believe the deficit for this year could climb to close to $500 billion, pushed higher by a weak economy and the distribution of 130 million economic stimulus payments now being made in an effort to keep the country out of a deep recession.


For the first seven months of this budget year, revenues have totaled $1.55 trillion, up 3 percent from the same period a year ago. However, government outlays have been rising must faster, climbing by 7.4 percent, to total $1.70 trillion so far this budget year.


While the deficit in 2007 had dropped to a five-year low of $162.8 billion, it is expected to rise significantly this year because of the weak economy and extra spending in such areas as the $168 billion economic stimulus package and fighting the Iraq war.



tags:  federal budget
 

other economic figures

Rates fall in weekly Treasury bill auction

Interest rates on short-term Treasury bills fell in Monday's auction.

Started in economic figures • 1 day ago • 0 responses
Tags: treasury bills
62,000 jobs lost, off nearly half-million for year

The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year's July Fourth holiday for more than 60,000 Americans and leaving thousands more worried about the...

Started in economic figures • 2 responses • Last response by  • 5 days ago
Tags: economy
Payrolls drop by 62,000; jobless rate steady

The Labor Department says payrolls dropped by 62,000 and the unemployment rate held steady at 5.5 percent. Meanwhile, the price of oil is approaching $146 a barrel for the first time.

Started in economic figures • 1 response • Last response by rmuxagirl (0) • 6 days ago
Tags: economy, no surpise here
Construction workers build a new home in Palo Alto, Calif., Tuesday, July 1, 2008. Construction spending fell in May for the 11th time in the past year as a continuing slump in housing offset strength in nonresidential building.  (AP Photo/Paul Sakuma)
Jobless lines growing longer

The number of newly laid off people signing up for unemployment insurance rose sharply last week.

Started in economic figures • 6 days ago • 0 responses
Tags: jobless claims
Wall Street firms reduce, banks step up Fed loans

Wall Street companies sharply scaled back their borrowing from the Federal Reserve's emergency lending program over the past week while commercial banks boosted it slightly.

Started in economic figures • 6 days ago • 0 responses
Tags: federal reserve, credit crisis
  privacy  •  terms  •  about myLot  •  legal  •  contact  •  FAQs  •  RSS  •  toolbar  •  guidelines  •  advertise  

©2008 myLot™. All Rights Reserved.