Treasury posts unexpected surplus in June as tariff receipts surge

CNBC ^ | June 11, 2025 | Jeff Cox

[Maine Mariner]

Due in large part to the opening of the Erie Canal.
That “ditch” made New York city a major world port.

The commissioner of customs in NYC was arguably the second most powerful person in the US. Chester Arthur was a commissioner as was Theodore Roosevelt’s father.

[Sacajaweau]

New York City was a major port many years before the Erie Canal.

[1Old Pro]

Due in large part to the opening of the Erie Canal. That “ditch” made New York city a major world port.

200 years old this year.

[woodpusher]

https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny

In June 2025, the federal debt was reduced by about $3B dollars.

6/30/2025 $36,211,469,351,821.31
6/02/2025 $36,214,400,664,854.53

The federal debt started in July at $37.2T and as of 10 July stood at $37.6T. The debt was "reduced" by about negative $380B in 10 days.

7/10/2025 $36,595,101,611,079.13
7/09/2025 $36,600,645,372,974.92
7/08/2025 $36,625,815,401,249.79
7/07/2025 $36,582,313,190,019.76
7/03/2025 $36,215,869,297,299.75
7/02/2025 $36,213,797,741,182.40
7/01/2025 $36,214,482,241,911.14

[central_va]

I am with you.

[existentially_kuffer]

Media & their “unexpected”!

[Maine Mariner]

Yes 200 years old and the Canal retired the bonds used to finance the canal in just a few years. It changed the USA and dropped transportations of hauling grain etc. to NYC by 95%.

[microeconomist]

The Treasury showed a current account surplus (current receipts vs. expenditures) of $27 billion, but debt only went down by $3 billion. How can that be?

The answer is interest on the existing debt.