Rocky Mountain Voice

Tag: U.S. Treasury

Economic boom is the greatest story never told, Kudlow says
tippinsights, Approved, Commentary, National

Economic boom is the greatest story never told, Kudlow says

By Lawrence Kudlow | Commentary, tippinsights PART I The Boom Begins When I sat down with Treasury Secretary Scott Bessent in front of the G20 conference at Asheville, North Carolina yesterday, my intent was to work with the secretary and promote an economic growth message. And he was more than cooperative, at the top of his game. It’s as though he was just waiting to unleash the success of the Trump economy, and he chose the G20 and our interview to make his statement. I had no interest in pursuing the minutiae of retiring off-the-run Treasury bonds, or other debt management arcana. Instead the big picture was the economic boom, the manufacturing boom, the construction boom, the rising animal spirits in the American economy. Here’s how I put it to Mr. Besse...
A Trump tariff legacy: U.S. Treasury posts June surplus of $27 billion
Investing.com, Approved, National

A Trump tariff legacy: U.S. Treasury posts June surplus of $27 billion

By Frank DeMatteo | Investing.com Investing.com -- Just one week after President Trump signed the “Big Beautiful Bill” into law, the administration is celebrating again. The U.S. government posted a budget surplus for June, driven in large part by Trump’s aggressive tariff policies. The June 2025 budget recorded a surplus of over $27 billion, the first monthly surplus since 2017. Economists had expected a deficit of $41.5 billion for the month. A key factor was the surge in customs duties, which totaled roughly $27 billion for the month. That’s up from $23 billion in May and a staggering 301% increase compared to June 2024. So far this year, tariff collections have reached $113 billion, up 86% from the same period last year. Much of the increase is tied to the across-the...