TRUMP ECONOMIC UPDATE: Inflation Drops to 2.3%, Lowest Since 2021, and US Treasury Records Second Biggest Surplus in History Thanks to Trump’s Record Tariff Revenues
On Tuesday, as Zero Hedge reported, we discovered why the US government borrowing need was shockingly lower than previously expected.
The latest Treasury Monthly Statement revealed that in April, the US Treasury generated a $258.4 billion surplus after last month’s $160.5 billion deficit; this the second biggest surplus on record, with just the $308 billion bumper surplus in 2021 bigger.