Was 70.5 Billion in June 2014
June is a corporate tax paying month. So receipts tend to outpace spending.
For June there were $342.933 billion of receipts (+6% YoY) and Total spending came to $291.157B (+15% YoY).
For the year, the deficit is at 313.4B vs 365.9B last year. Year to date receipts are up 8.3% while outlays are up 5.1%.
The Fed is probably the best trader of the year as it made 8B on treasury holdings last month which they relinquished to the Treasury. For the year, the Fed's account has profits of 68.8B billion. Versus last year the profits remitted to the Treasury are down from 74.383 billion.
The difference from a year ago is being attributed to a timing quirk that moved the June benenfit payments into May last year. June 1 was a Saturday. So that had the effect of raising the surplus in 2014.
