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Treasury posts unexpected surplus in June as tariff receipts surge

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