XPost: alt.sodomites.barack-obama, alt.fan.rush-limbaugh, talk.politics.guns   
   XPost: or.politics   
   From: enough.of.the@apes.usa   
      
   Investing.com -- Just one week after President Trump signed the “Big   
   Beautiful Bill” into law, the administration is celebrating again. The   
   U.S. government posted a budget surplus for June, driven in large part by   
   Trump’s aggressive tariff policies.   
      
   The June 2025 budget recorded a surplus of over $27 billion, the first   
   monthly surplus since 2017. Economists had expected a deficit of $41.5   
   billion for the month. A key factor was the surge in customs duties, which   
   totaled roughly $27 billion for the month. That’s up from $23 billion in   
   May and a staggering 301% increase compared to June 2024.   
      
   So far this year, tariff collections have reached $113 billion, up 86%   
   from the same period last year. Much of the increase is tied to the   
   across-the-board 10% import tariffs Trump implemented in April, in   
   addition to the targeted reciprocal tariffs on individual countries.   
      
   Despite the strong June surplus numbers, the broader fiscal picture   
   remains challenging. The federal deficit for the year stands at more than   
   $1.34 trillion.   
      
   Interest payments on the national debt continue to be a major burden. Net   
   interest totaled $84 billion in June alone, and $749 billion year-to-date,   
   making it the second-largest federal expense after Social Security.   
   Interest payments are on track to hit $1.2 trillion for the full fiscal   
   year.   
      
   President Trump has repeatedly called on Federal Reserve Chairman Jerome   
   Powell to cut interest rates, arguing that lower rates would reduce debt   
   servicing costs and “save billions.”   
      
   https://www.investing.com/news/economy-news/us-posts-suprise-27-billion-   
   budget-surplus-in-june-boosted-by-tariffs-4132513   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)