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Tuesday, July 08, 2014 5:37:05 PM
U.S. June budget surplus $70 billion, CBO estimates
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7-8-14 5:08 PM EDT | Email Article
WASHINGTON (MarketWatch) -- The federal government had a budget surplus of $70 billion in June, the Congressional Budget Office estimated Tuesday. That is $46 billion less than the surplus in June 2013, when the government got a large onetime payment from Fannie Mae. CBO said receipts in June were $324 billion, $37 billion more than in June 2013. Spending was $253 billion in June, $83 billion more than a year ago. For the fiscal year to date, the deficit is $366 billion, $144 billion less than in the same nine months of fiscal 2013.
http://news.morningstar.com/all/market-watch/TDJNMW20140708341/us-june-budget-surplus-70-billion-cbo-estimates.aspx
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