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Daylight robbery in Jaela

An armed gang robbed Rs. 7 million from a private company in Ja-ela today, the police media unit said.The police said that the gang had robbed the money to Politex at belonging gun-point when it was being taken out from a bank in the area. The incident had taken place at around 12.55 this afternoon when the money was being taken out of Seylan bank in Ekala.An armed gang had arrived in a white van and pulled out their weapons and stole the money. Investigations are underway. (Colombo Gazette)

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Federal government records 1824 billion budget surplus

WASHINGTON – The federal government ran the second highest monthly surplus on record this April as tax revenues were pushed higher by a change in the deadline for corporate tax payments.In its monthly budget report, the Treasury Department said Wednesday that the surplus for April totalled $182.4 billion, the second largest surplus after a record $189.8 billion surplus set in April 2001.The government generally runs surpluses in April reflecting the annual tax deadlines. This year’s surplus was inflated because of a deadline change that allowed corporations until April to make their final tax payments for last year. The deadline had previously been March.Through the first seven months of the current budget year, the government is running a deficit of $344.4 billion, down 2.4 per cent from the same period a year ago.The Congressional Budget Office is projecting that the deficit for the full budget year, which ends on Sept. 30, will decline 4.6 per cent to $559 billion. That would compare to a 2016 deficit of $585.6 billion.The CBO’s deficit estimate is based on current law remaining unchanged. President Donald Trump has called for a program of tax cuts for individuals and businesses, and increased government spending in such areas as the military and repairing the nation’s aging infrastructure.The CBO has not been able to project how much impact Trump’s proposals will have on this year’s deficit or in future years because so far the administration has not released its full budget outline. That document is expected to come out later this month.For the first seven months of this, revenues total $1.93 trillion, up 0.6 per cent from the same period a year ago. Spending totals $2.27 trillion, up 0.2 per cent from the same period last year. FILE – In this Friday, June 24, 2016, file photo, pedestrians and tourists go about their lunchtime routine in front of the United States Treasury headquarters building in Washington. On Wednesday, May 10, 2017, the Treasury Department releases federal budget data for April. (AP Photo/J. David Ake, File) by Martin Crutsinger, The Associated Press Posted May 10, 2017 12:29 pm MDT Last Updated May 10, 2017 at 1:00 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Federal government records $182.4 billion budget surplus read more