[BREITBART] The federal government posted an unexpected budget surplus in June, fueled by a sharp rise in tariff revenues and higher-than-anticipated tax receipts, marking a notable vindication for President Donald Trump ...Never got invited to a P.Diddy party... 's economic strategy.
The $27 billion surplus reported Friday by the Treasury Department stood in stark contrast to forecasts for a $50 billion deficit, representing one of the largest upside surprises in recent budget data.
Monthly surpluses typically occur in April, when many Americans file their taxes. Surpluses are also common in January and September. A June surplus is highly unusual.
Treasury Secretary Scott Bessent has said that he expects tariffs to bring in as much as $300 billion in revenues this year.
Much of the improvement stemmed from a 301 percent increase in tariff collections compared to June of last year. Customs duties totaled $27 billion in June, up from $23 billion in May and more than quadruple the $6.7 billion collected a year earlier. For the fiscal year to date, tariff revenues have reached $113 billion, an 86% increase over the same period in 2024.
Treasury Secretary Scott Bessent has said that he expects tariffs to bring in as much as $300 billion in revenues this year.
The surge follows Mr. Trump's sweeping 10 percent universal tariff on imports implemented in April, as well as a growing array of reciprocal duties aimed at specific trading partners. Administration officials have pointed to the June surplus as evidence that the new trade regime is strengthening federal finances without imposing the widespread inflationary pressure critics once warned about.
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Posted by: Fred ||
07/14/2025 00:00 ||
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Link ||
[115 views]
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#1
Surprise to the stupid people and a vexation to those who predicted disaster knowing that they were lying.
Posted by: Super Hose ||
07/14/2025 7:22 Comments ||
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#3
June also had a jump in corporate tax receipts and a decrease in expected Federal outlays
both of these are very good things
if inflation remains under control a few more months, the cost of borrowing will also go down which would help both the Federal budget but also business and consumers
Posted by: Lord Garth ||
07/14/2025 10:22 Comments ||
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#4
^ And Jerome Powell and Dems will take credit. *spit*
Posted by: Frank G ||
07/14/2025 11:22 Comments ||
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[FoxNews] 'I approve the use of the autopen for the execution of all of the following pardons,' Biden's chief of staff Jeff Zients wrote in an email.
Continued on Page 47
[ZeroHedge] Marxist Democrat Alexandra Ocasio Cortez could face a libel lawsuit and be liable for millions of dollars after directly branding President Trump a “rapist” in a X post.
Continuing the trend of Democrats suddenly caring about the Jeffrey Epstein case after four years in power doing nothing, AOC wrote the following…
“Wow who would have thought that electing a rapist would have complicated the release of the Epstein Files?”
Wow indeed.
The last time someone branded Trump a “rapist,” he sued them and settled for $15 million plus a million more in legal costs.
In that case, anchor George Stephanopulous, who claimed Trump was convicted of rape during a broadcast, had backing from ABC News.
She’s used to slandering anyone she likes in Congress.
None of them really care about transparency in the Epstein case and never have.
Its just more rampant TDS.
AOC could find herself visiting court fairly regularly in the near future.
Tom Homan, serving as Border Czar in the Trump administration, recently confirmed that AOC is under federal investigation for allegedly employing an undocumented immigrant on her congressional staff, raising questions about potential violations of immigration laws amid their ongoing public disputes over enforcement policies.
[Regnum] Supporters of the American Democratic Party have invented documents related to financier Jeffrey Epstein. This was stated by US President Donald Trump.
"For years, Epstein, over and over again. Why release documents written by [former US President Barack ] Obama, corrupt [former Secretary of State] Hillary [ Clinton ]... They created the Epstein dossier, like they created the Hillary Clinton fake and the [former British intelligence officer] Christopher Steele dossier that they used against me," he wrote on the social network Truth Social.
The head of the White House clarified that the Democrats invented the Epstein dossier together with the former heads of the CIA and FBI and representatives of the administration of former President Joe Biden. According to him, if there was anything in the documents, they would have been published.
As reported by the Regnum news agency, the US Justice Department and the FBI had previously concluded that there was no evidence that Epstein, who was convicted of sexual crimes against minors, blackmailed influential people and kept a so-called client list. On July 8, the White House denied the existence of Epstein's "compromising list."
However, American entrepreneur Elon Musk expressed doubt and said that Americans would not be able to trust the US president if he refused to publish documents on the case.
#1
Considering the Dems spent the last 4 years throwing every legal obstacle they could find (and making up a few) at Trump, I think the likelyhood there being anything against Trump in the Epstein files to be remote. Something would have 'accidentally' fallen out of the file by now.
Posted by: ed in texas ||
07/14/2025 8:29 Comments ||
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#2
The files may not have had anything against Trump in the past but they have had plenty of time now to create something damaging to put in them.
#3
I don't think Trump is in the files, and even if he is it would be a simple matter to produce a redacted list for 'national security' reasons. I would also note that he announced the list didn't exist right after the BBB was passed and Netanyahu visited. Looks to me at least like some deals were made.
Posted by: Frank G ||
07/14/2025 10:55 Comments ||
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#7
Trump has fumbled the narrative and for his hard core base it is embarrassing b/c we can all see that Maxine is in prison and we know she is not in jail because of tax evasion.
Trump is protecting the donor class and it is sickening. Huge unforced error. All his policies this summer seem to lean more in line with Establishment Politics than with MAGA Campaign Promises. Stinks of Susie Wiles.
Posted by: Fred ||
07/14/2025 00:00 ||
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Link ||
[147 views]
Top|| File under: Migrants/Illegal Immigrants
#1
California sez…hold my beer and watch this.
Posted by: Bangkok Billy ||
07/14/2025 3:25 Comments ||
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#2
Chicago Public Schools bankrupted themselves paying for illegal migrants
Well that, and myriad other stupid, 'inclusive' and union-serving wasteful expenditures.
I don't have time right now to source the pay scales for the District's admin roles, but it is both enlightening and infuriating.
Posted by: Mullah Richard ||
07/14/2025 6:05 Comments ||
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#3
Liberals, Socialists and Demo-Rats that make up the New Democrat Party (LSD's) politicians are about spending, collecting $$$$, and not about planning or leadership.
Remember the $3.5T purposed "Build Back Better Act"?
As we now know ,because of Trump/Musk DOGE, even the $2T they did get. Too much of it got filtered thru Anti-USA NGO's/USAID and into certain DC Swamp pockets and "funds".
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
...Never got invited to a P.Diddy party...
[ZeroHedge] Marxist Democrat Alexandra Ocasio Cortez could face a libel lawsuit and be liable for millions of dollars after directly branding President Trump a “rapist” in a X post.
AOC could find herself visiting court fairly regularly in the near future.
