US government reports $116.5 billion surplus in June
WASHINGTON (AP) -- The federal government on Thursday reported a rare surplus of $116.5 billion in June, the largest for a single month in five years. The gain kept the nation on track for its lowest annual deficit in five years.
The June surplus was due in part to $66.3 billion in dividend payments from Fannie Mae and Freddie Mac. The mortgage giants were taken over by the government at the height of the 2008 financial crisis and are now repaying taxpayers for the support they received.
Through the first eight months of the budget year, the deficit has totaled $509.8 billion, according to the Treasury. That's nearly $400 billion lower than the same period last year.
This is ridiculous #$%$ run gov. The cost of war between agt and Irag cost many trillion. Now they are bragging about 116 b compare to the war this is nothing more than stolen the SH of F&F. Folks relax let the dust settle SH of F&F will have their day in court. Remember we are not alone. United together we will have the #$%$ed run gov pay for stolen money back to SH of F&F. The main causing were the banks not F&F but none of the #$%$ed congress admitted that due to heayly lobby from the bank . Just sit back and relax let all the negative news for wind down the F&F but in the end F&F will live and will be prosperity for all SH of F&F. IMHO