US Govt posts $117B surplus in June 2013

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    Jul 12, 2013 12:01 AM GMT
    there you go!!! From CNBC:

    The U.S. government posted a budget surplus in June, the latest sign of rapidly improving public finances that could reduce the urgency in Congress to strike a deal to raise the nation's limit on borrowing.

    Rising tax revenues, public spending cuts and big payments to the Treasury from state-backed mortgage firms helped the government take in $117 billion more last month than it paid out, the U.S. Treasury said on Thursday.

    Analysts polled by Reuters had expected a smaller surplus of $39.5 billion.

    June's surplus was the largest for that month on record.
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    Jul 12, 2013 12:03 AM GMT
    Pay for my Masters, US Govt, it's a paltry $60,000 total!
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    Jul 12, 2013 2:43 AM GMT
    Excellent! Looks like Democratic Party policies are working. Reaganomics is dead.