US April federal budget +258B vs +256B expected

• March was -161B
• Last April was +210B

April is always the best month of the US for the US budget due to income tax receipts. Even on those terms it ranks as the second-best April on record. That said, timing shifts around Easter and how the days of the week land in any given month can affect how many pay periods there are.

These budget numbers are rarely a market mover but they’re a good reminder that Congress will one day have to bring down spending or raise more money.

This article was written by Adam Button at www.forexlive.com.