J. Scott Applewhite, File, Associated Press
WASHINGTON — The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.
The Treasury Department says the June surplus totaled $71 billion, following a $130 billion deficit in May. The government also ran a surplus in June 2013, bolstered by dividends from Fannie Mae, the mortgage giant under federal conservatorship for the past six years.
For the first nine months of this budget year, the deficit totals $366 billion, down 28 percent from the same period in 2013. Tax receipts are up 8 percent compared to the prior year-to-date, while spending has increased 1 percent.
The Congressional Budget Office is forecasting a deficit of $492 billion for the full budget year ending Sept. 30.
- 'Another piece to the puzzle': Census reveals...
- How do Utah wages stack up nationally?
- Clinton: GOP threatening small-business jobs
- Utah jobless rate holds steady at 3.4 percent
- Koch brothers group launches Utah chapter
- Is the 40-hour workweek falling out of fashion?
- Balancing act: Survey: Millennials seek...
- Dave Ramsey says: Gaining control of your...
- How do Utah wages stack up nationally? 50
- Koch brothers group launches Utah chapter 42
- Balancing act: Survey: Millennials seek... 14
- Clinton: GOP threatening small-business... 7
- Smith's hopes to pass savings from... 7
- Banks fined more than $5B, to plead... 6
- 'Another piece to the puzzle': Census... 6
- McDonald's CEO faces shareholders amid... 3