U.S. Treasury posts $27 billion budget surplus in June

US Treasury Balance - US government had a $27 billion surplus for the month on an unadjusted basis, compared to an expected $205 billion deficit [2] - US ran a $70 billion deficit in June on an adjusted basis [3] - US is running a $13 trillion deficit fiscal year to date, matching last year's pace [3] Tariff Revenue - US took in $27 billion in customs duties in June [3] - Treasury has taken in $87 billion in customs duties so far this calendar year [4] - Tariff revenue is about $20 billion extra compared to baseline [7] Corporate Taxes - Corporate taxes were down 17% for the month of June [5] - Corporate taxes were about $14 billion less compared to baseline [7] Market Watcher Concerns - Market watchers are worried about what the decrease in corporate taxes could signal for earnings season [6]