U.S. June budget surplus $117 billion: Treasury
July 11, 2013, 2:00 p.m. EDT
WASHINGTON (MarketWatch) - The U.S. federal government ran a budget surplus of $117 billion in June, the Treasury Department reported Thursday, as receipts rose and spending fell compared to the same month a year ago. For the fiscal year to date, the deficit is $510 billion, 44% less than the shortfall recorded in the same period last year, thanks mostly to increased revenue . The government's receipts totaled $287 billion in June, and spending was $170 billion. In June last year, the government posted a deficit of $60 billion. The government's fiscal year runs from October to September.
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