Showing posts with label righting the American financial ship of state. Show all posts
Showing posts with label righting the American financial ship of state. Show all posts

Friday, July 11, 2025

U.S. Posts First Budget Surplus In Decades....

Tariffs work folks (Per CNBC)... The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday.

With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May.

That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%. There are three months left in the current fiscal year, which ends Sept. 30.

A 13% increase in receipts from the same month a year ago helped bridge the gap, with outlays down 7%. For the year, receipts are up 7% while spending has risen 6%.

Now, to be clear, Trump during the first year of his first term, also posted a budget surplus; you have to go back to mid-2005 for the last sustained period of monthly budget surpluses.