Treasury posts unexpected surplus in June as tariff receipts surge
152d ago
Business
CNBC

The U.S. Treasury reported an unexpected surplus of $27 billion in June, a significant shift from the $316 billion deficit recorded in May. This positive turnaround is largely attributed to a surge in tariff revenues. The surplus offers a temporary boost to government finances, although analysts caution that long-term fiscal challenges remain due to ongoing spending and debt levels. Further details on the specific drivers of the tariff revenue increase are expected in subsequent reports.