US: Budget deficit shrinks to $75 billion vs. $98.2 billion expected

According to the U.S. Treasury Department, the government had a $75 billion budget deficit in June compared to a $90 billion deficit in the same month last year.

Key takeaways from the report ( via Reuters)

• U.S. fiscal 2018 year-to-date deficit $607 bln vs comparable fiscal 2017 $523 bln deficit.
• U.S. June budget outlays $391 bln vs $429 bln in June 2017; receipts $316 bln vs $339 bln in June 2017.