Thursday, July 12, 2007

U.S. posts $27.48 billion June budget surplus

(Reuters) - The June surplus, fueled by strong tax receipts, was 34 percent above the surplus of $20.52 billion recorded in a year earlier in June 2006, the Treasury said.




During the first nine months of fiscal 2007 that ends on September 30, the cumulative deficit has fallen by 41 percent to $120.97 billion from $206.48 billion in the comparable nine-month period in fiscal 2006.


Read more at Reuters.com Economic News

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