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.
- The wrath of Comic-Con: S.L. convention...
- Dave Ramsey says: Don't touch that 529 plan
- BYU grad strikes gold teaching via online...
- Utah Transit Authority eyeing electric bus...
- Dave Ramsey says: Don't leave an estate with...
- Healing souls, healing a mountain
- Balancing act: First 'real' job teaches...
- In a surprising move, Dollar Tree will buy...
- Fast food workers vow civil disobedience 15
- San Diego Comic-Con tells Salt Lake... 12
- BYU grad strikes gold teaching via... 12
- Dave Ramsey says: Don't leave an estate... 11
- Sarah Palin launches online... 9
- Does getting married really increase... 8
- The wrath of Comic-Con: S.L. convention... 8
- Utah Transit Authority eyeing electric... 4