U.S. June budget deficit shrinks to $66 billion after calendar shifts
WASHINGTON (Reuters) – The U.S. government recorded a $66 billion budget deficit for June that was reduced sharply by a shift of benefit payments into May that ballooned that month’s deficit to $347 billion, the Treasury Department said on Thursday. The Treasury said that the $66 billion June deficit nominally fell 71% from the $228 billion deficit recorded in June 2023. Without the June calendar adjustments in both years, the Treasury said the June 2024 … Read more…