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U.S. Treasury posts $27 billion budget surplus in June
CNBC Television· 2025-07-11 19:35
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]
X @Investopedia
Investopedia· 2025-07-11 19:01
A child’s savings account almost always offers a tax advantage—and if you shop around, it could also earn a much higher APY than adult accounts. https://t.co/tqVz2tK36m ...
Who will pay?: Top Sen. on Trumpnomics
MSNBC· 2025-07-11 16:47
We get a lot from Brazil. I mean, they everything from our from beams to our morning routines. Okay.The minerals that come from Brazil, they help power our cars, our energy, and yes, the morning. I know why I couldn't do without my coffee. Uh, how is this helpful to the American people.Because at the end of the day, Americans are going to be paying this tariff because the tariff is a tax, and either the American companies are going to pay it, the small businesses or the American consumers. But another count ...
X @Cointelegraph
Cointelegraph· 2025-07-11 16:25
Crypto Regulation - Senator Lummis' crypto tax bill aims to end unfair practices [1] - The bill seeks to level the playing field for digital assets [1]
Why Lucid Stock Skidded to a 30.1% Decline in the First Half of 2025
The Motley Fool· 2025-07-11 15:59
After plummeting 28.3% in 2024, Lucid (LCID -1.50%) investors were very much looking forward to ringing in 2025, hoping that the luxury electric vehicle (EV) maker would recover from the previous year's decline.But those hopes were dashed through the first half of 2025. According to data provided by S&P Global Market Intelligence, shares of Lucid dropped 30.1% through the first six months of 2025. Several potholes sabotaged Lucid stock's drive through the first half of the yearWhile Lucid reported strong fo ...
Why Trump’s mega bill could be a “blame magnet” in the future. 🧲
Yahoo Finance· 2025-07-11 14:30
Let's be honest, most people are never going to know all the details of the bill, but they they certainly will know that there's something in there about tax cuts affecting incomes and also possible health care cuts when this actually starts to work its way through to the economy. I mean, one of the things uh that's likely to happen, I mean, is we are going to see health care cuts that are going to result in people losing healthcare coverage. By some estimates, we'll have 16 million additional Americans uni ...