Stock Market Update
11-Jul-25 14:30 ET
June Treasury Budget swings to $27 bln surplus; 12-month deficit narrows slightly to $1.90 trln
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[BRIEFING.COM] The major averages are still mixed following the release of the June Treasury Budget which hit at the bottom of the hour. Currently, the S&P 500 (-0.26%) is in second place, hovering near HoDs, albeit in a losing effort.
The Treasury Budget for June showed a surplus of $27.0 billion compared to a deficit of $71.0 billion in the same period a year ago. The June surplus resulted from receipts ($526.4 billion) exceeding outlays ($499.4 billion). The Treasury Budget data are not seasonally adjusted so the June surplus cannot be compared to the May deficit of $315.7 billion.
The key takeaway from the report is that it showed an actual surplus, with receipts exceeding outlays. The good news is that the deficit over the last 12 months shrunk from $1.994 trillion in May to $1.896 trillion in June. The bad news is that the deficit over the last 12 months is still $1.896 trillion.
