Good Economic News -- "The Expansion Is Solid"

Bloomberg reports:

WASHINGTON -- The federal government's April budget surplus rose to $118.9 billion, the largest for any month since 2001, as the fastest economic growth in more than two years buoyed tax revenue.

The surplus compares with $57.7 billion in the same month a year earlier. April is typically a surplus month because of the tax deadline for individuals. It's the second year in a row that tax receipts have exceeded government and private forecasts.

"Government tax receipts have moved into overdrive," said Chris Rupkey, senior financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York. "This is a sign the expansion is solid."

Read it here.

Why isn't this front page news? Oh, that's right..., it makes Bush look good.