[BREITBART] The federal government posted an unexpected budget surplus in June, fueled by a sharp rise in tariff revenues and higher-than-anticipated tax receipts, marking a notable vindication for President Donald Trump ...Never got invited to a P.Diddy party... 's economic strategy.
The $27 billion surplus reported Friday by the Treasury Department stood in stark contrast to forecasts for a $50 billion deficit, representing one of the largest upside surprises in recent budget data.
Monthly surpluses typically occur in April, when many Americans file their taxes. Surpluses are also common in January and September. A June surplus is highly unusual.
Treasury Secretary Scott Bessent has said that he expects tariffs to bring in as much as $300 billion in revenues this year.
Much of the improvement stemmed from a 301 percent increase in tariff collections compared to June of last year. Customs duties totaled $27 billion in June, up from $23 billion in May and more than quadruple the $6.7 billion collected a year earlier. For the fiscal year to date, tariff revenues have reached $113 billion, an 86% increase over the same period in 2024.
Treasury Secretary Scott Bessent has said that he expects tariffs to bring in as much as $300 billion in revenues this year.
The surge follows Mr. Trump's sweeping 10 percent universal tariff on imports implemented in April, as well as a growing array of reciprocal duties aimed at specific trading partners. Administration officials have pointed to the June surplus as evidence that the new trade regime is strengthening federal finances without imposing the widespread inflationary pressure critics once warned about.
Continued on Page 47
Posted by: Fred ||
07/14/2025 00:00 ||
Comments ||
Link ||
[43 views]
Top|| File under:
#1
Surprise to the stupid people and a vexation to those who predicted disaster knowing that they were lying.
Posted by: Super Hose ||
07/14/2025 7:22 Comments ||
Top||
[Regnum] Supporters of the American Democratic Party have invented documents related to financier Jeffrey Epstein. This was stated by US President Donald Trump.
"For years, Epstein, over and over again. Why release documents written by [former US President Barack ] Obama, corrupt [former Secretary of State] Hillary [ Clinton ]... They created the Epstein dossier, like they created the Hillary Clinton fake and the [former British intelligence officer] Christopher Steele dossier that they used against me," he wrote on the social network Truth Social.
The head of the White House clarified that the Democrats invented the Epstein dossier together with the former heads of the CIA and FBI and representatives of the administration of former President Joe Biden. According to him, if there was anything in the documents, they would have been published.
As reported by the Regnum news agency, the US Justice Department and the FBI had previously concluded that there was no evidence that Epstein, who was convicted of sexual crimes against minors, blackmailed influential people and kept a so-called client list. On July 8, the White House denied the existence of Epstein's "compromising list."
However, American entrepreneur Elon Musk expressed doubt and said that Americans would not be able to trust the US president if he refused to publish documents on the case.
Posted by: Fred ||
07/14/2025 00:00 ||
Comments ||
Link ||
[73 views]
Top|| File under: Migrants/Illegal Immigrants
#1
California sez…hold my beer and watch this.
Posted by: Bangkok Billy ||
07/14/2025 3:25 Comments ||
Top||
#2
Chicago Public Schools bankrupted themselves paying for illegal migrants
Well that, and myriad other stupid, 'inclusive' and union-serving wasteful expenditures.
I don't have time right now to source the pay scales for the District's admin roles, but it is both enlightening and infuriating.
Posted by: Mullah Richard ||
07/14/2025 6:05 Comments ||
Top||
#3
Liberals, Socialists and Demo-Rats that make up the New Democrat Party (LSD's) politicians are about spending, collecting $$$$, and not about planning or leadership.
Remember the $3.5T purposed "Build Back Better Act"?
As we now know ,because of Trump/Musk DOGE, even the $2T they did get. Too much of it got filtered thru Anti-USA NGO's/USAID and into certain DC Swamp pockets and "funds".
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
...Never got invited to a P.Diddy party...
