Trump’s Hollow Surplus Claim
Friday, 18 July 2025 ()
In recent speeches and media scrums, President Donald Trump has lauded the federal budget surplus for the month of June, claiming the surplus had not happened in "many, many years" or "decades." To be clear, the U.S. had not recorded a surplus in June since 2016 – but the country has had several surpluses in other months since that time.
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