U.S. posts $117 billion June budget surplus
From marketwatch.com
The federal government posted a budget surplus of $117 billion in June, the Treasury Department said Thursday, reflecting both higher tax receipts and lower spending in the month and keeping the U.S. on track for its lowest full-year deficit in five years. Including the June surplus, the budget deficit for the first nine months of the 2013 fiscal year totaled $510 billion, down 44% from the same period a year ago. The lower deficit is mainly due to higher tax receipts from individuals and corporations. Total budget receipts are up 14% to $2.087 trillion for the fiscal year to date, thanks to increased revenue ...
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