US DELIVERS ITS BIGGEST BUDGET SURPLUS IN 5 YEARS
According to new Treasury data, the U.S. posted a $116.5 billion budget surplus in June. Revenue climbed 10.2% to $286.6 billion, while outlays plunged 46.8% to $170.1 billion. This is the biggest surplus since April 2008. This was also higher than the $115 billion surplus expected by economists.