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American Capital Agency Corp. Message Board

  • harryballsteam harryballsteam Jul 11, 2013 2:28 PM Flag

    CHECK OUT THIS ARTICLE ABOUT MREITS AND RATES.

    WASHINGTON, July 11 (Reuters) - The U.S. government posted abudget surplus in June, the latest sign of rapidly improvingpublic finances that could reduce the urgency in Congress tostrike a deal to raise the nation's limit on borrowing.
    Rising tax revenues, public spending cuts and big paymentsto the Treasury from state-backed mortgage firms helped thegovernment take in $117 billion more last month than it paidout, the U.S. Treasury said on Thursday.
    Analysts polled by Reuters had expected a smaller surplus of$39.5 billion.
    June's surplus was the largest for that month on record.
    An improving economy and tax hikes enacted earlier in theyear led government receipts to rise to $287 billion, up 10percent from a year earlier.
    Also driving the surplus in June, state-backed mortgagecompanies Fannie Mae and Freddie Mac, which were bailed out bytaxpayers in the wake of the financial crisis but have sincereturned to profitability, poured billion of dollars into publiccoffers.
    Fannie Mae, which said in May it would return $59 billion tothe Treasury in dividends, provided most of the funds.
    The improving budget picture has drained away Congress'urgency to negotiate a budget deal that would raise the federalborrowing limit.
    Across-the-board budget cuts began March, which alsocontributed to the surplus.

    Sentiment: Sell

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    • July 11th of what year shortness. Not this year that's old news.

      Sentiment: Buy

    • WASHINGTON, July 11 (Reuters) - The U.S. government posted abudget surplus in June, the latest sign of rapidly improvingpublic finances that could reduce the urgency in Congress tostrike a deal to raise the nation's limit on borrowing.
      Rising tax revenues, public spending cuts and big paymentsto the Treasury from state-backed mortgage firms helped thegovernment take in $117 billion more last month than it paidout, the U.S. Treasury said on Thursday.
      Analysts polled by Reuters had expected a smaller surplus of$39.5 billion.
      June's surplus was the largest for that month on record.
      An improving economy and tax hikes enacted earlier in theyear led government receipts to rise to $287 billion, up 10percent from a year earlier.
      Also driving the surplus in June, state-backed mortgagecompanies Fannie Mae and Freddie Mac, which were bailed out bytaxpayers in the wake of the financial crisis but have sincereturned to profitability, poured billion of dollars into publiccoffers.
      Fannie Mae, which said in May it would return $59 billion tothe Treasury in dividends, provided most of the funds.
      The improving budget picture has drained away Congress'urgency to negotiate a budget deal that would raise the federalborrowing limit.
      Across-the-board budget cuts began March, which alsocontributed to the surplus

      • 1 Reply to billyslimeball
      • WASHINGTON, July 11 (Reuters) - The U.S. government posted abudget surplus in June, the latest sign of rapidly improvingpublic finances that could reduce the urgency in Congress tostrike a deal to raise the nation's limit on borrowing.
        Rising tax revenues, public spending cuts and big paymentsto the Treasury from state-backed mortgage firms helped thegovernment take in $117 billion more last month than it paidout, the U.S. Treasury said on Thursday.
        Analysts polled by Reuters had expected a smaller surplus of$39.5 billion.
        June's surplus was the largest for that month on record.
        An improving economy and tax hikes enacted earlier in theyear led government receipts to rise to $287 billion, up 10percent from a year earlier.
        Also driving the surplus in June, state-backed mortgagecompanies Fannie Mae and Freddie Mac, which were bailed out bytaxpayers in the wake of the financial crisis but have sincereturned to profitability, poured billion of dollars into publiccoffers.
        Fannie Mae, which said in May it would return $59 billion tothe Treasury in dividends, provided most of the funds.
        The improving budget picture has drained away Congress'urgency to negotiate a budget deal that would raise the federalborrowing limit.
        Across-the-board budget cuts began March, which alsocontributed to the surplus

        Sentiment: Strong Sell

 
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