“The U.S. posted a $130 billion budget deficit in May and the smallest shortfall for the first eight months of a fiscal year since 2008, as a stronger economy and rising employment bolster revenue.  The deficit last month was about $9 billion less than the $139 billion shortfall in May 2013, the Treasury Department said today in Washington. The median estimate in a Bloomberg survey of 20 economists called for a $130.5 billion gap.  During the first eight months of the fiscal year, individual tax receipts, the single largest revenue item, were up 3.3 percent from the same period in fiscal 2013. Corporate income-tax receipts increased 15.6 percent.”

http://www.bloomberg.com/news/2014-06-11/budget-deficit-in-u-s-narrows-as-economy-jobs-bolster-revenue.html

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