deficit cartoon
  • April showed a $308 billion surplus
  • Last May showed a $132B deficit
  • Outplays $455B vs $596B a year ago
  • Receipts $389B vs $464B a year ago

That's two months in a row of better-than-expected numbers. Economists have had a hard time forecasting these numbers because of year-ago stimulus numbers and improving receipts against much lower spending.