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U.S. Treasury posts $27 billion budget surplus in June

CNBC · Just In
CNBC
CNBC
Just In

CNBC's Megan Cassella reports on the U.S. Treasury's monthly statement.

BreakdownGenerated by LeadStory AI
  • The U.S. Treasury reported a $27 billion surplus for June, exceeding expectations. 18s
  • On an adjusted basis, the government ran a $70 billion deficit for June. 35s
  • Fiscal year-to-date, the U.S. deficit is $1.3 trillion, matching last year's pace. 46s
  • Tariff revenue in June was $27 billion, with $87 billion collected so far this year. 52s
  • Corporate tax receipts fell 17% in June, partly due to new deduction provisions. 1m 21s
Economy