U.S. Budget Surplus Was $51 Billion In June, CBO Estimates

The federal government ran a budget surplus of $51 billion in June, the Congressional Budget Office estimated on Wednesday. The surplus is $20 billion less than the same month a year ago. Receipts were $343 billion in June, up $20 billion from last year. Spending was $293 billion, or $39 billion more than a year ago. For the fiscal year to date, the deficit is $314 billion, or $52 billion smaller than the year-ago period. The goverment's budget year runs from October to September.