U.S. posts $70.5B June budget surplus

|By:, SA News Editor

The U.S. Treasury budget posted a $70.5B surplus for June, as receipts rose 13% to $323B vs. the same month a year ago; spending rose 49% to $253B.

Including the June surplus, the budget deficit for the first nine months of FY 2014 totaled $366B, down 28% from the same period a year ago and the smallest YTD budget deficit since 2008.

YTD, total budget receipts are up 8% to $2.258T while spending is up 1% to $2.264T.