The US economy continued to roar to life during the first quarter of 2019, with new data showing the Treasury took in a whopping $160 billion surplus in April alone.
“The federal government recorded a $160.3 billion surplus in April as revenues jumped to an all-time high,” reports the Associated Press. “The Trump administration projected in March that this year’s deficit will hit $1.1 trillion, up from an actual deficit of $779 billion for the budget year that ended Sept. 30. The administration is projecting the deficit will stay above $1 trillion for four straight years.”
The strong economic report comes as top Democratic presidential contenders -including Elizabeth Warren, Bernie Sanders, and Joe Biden- vow to repeal President Trump’s tax cuts should they retake the White House.
Read the full report at the Associated Press.