The US cash surplus for June 2016 came in at $19B compared to a $44B surplus in 2015 due to a decline in revenues and an increase in outlays.
I’m out of town and away from a decent sized monitor, so just a limited post for now. Basically, it was a pretty bad month. Revenue down, outlays up….and the year to date is starting to look ugly too…through 6 months, the deficit is $84B over last year, and revenue is still negative.
