US June budget deficit $90 billion vs $38 billion expected

Big budget miss in June
– May was a deficit of $88B
– April was a surplus of $182B
– Last June was +$6B
– Outlays $429B vs $323B last June
– Receipts $339B vs $330B last June
This looks to be a calendar effect. The April surplus was huge and it’s being unwound. A second factor is that payments due