US June montly budget statement +$70.5B vs +$79B expected via ForexLive

• In June 2013, the US government reported a $116.5B surplus
• Outlays $253B vs $170B in June 2013
• Receipts $324B vs $287B in June 2013

It's tough to compare months, even to previous years, because the way the calendar falls each month.

US deficit with 4-month moving avg

The White House will also cut its 2014 deficit projection to $583B from $649, according to Bloomberg.

posted via ForexLive