December 2012 – US DAILY DEFICIT

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# December 2012

Dec 30
0

## Daily US Deficit For 12/27/2012

By copernicus | Daily Deficit

##### The US Daily Deficit for 12/27/2012 was $3.6B, pulling the surplus down to $18B with 2 business days remaining in December. It is still pretty close to 50/50, but leaning a little closer to ending up in the red again for the fifth straight December despite some favorable timing of outlays.

##### I know I promised a 2012 deficit preview last week, but have decided instead to just wait until we have the finals. 12/31 DTS will be out 1/2/2013 at 4….it will probably take a day or two to assemble from there, but if you can’t wait, I’m guessing that the 2012 cash deficit will be around $1.12T compared to last year’s $1.26T. The $140B improvement will be primarily due to a revenue improvement and flat outlays.

Dec 28
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## Daily US Deficit For 12/26/2012

By copernicus | Daily Deficit

##### The US Daily Deficit for 12/26 was $7.9B, pulling the surplus down to $21.6B with 3 business days remaining in December. Not that it really matters, but whether or not December finishes in the black is going to come down to 12/31 outlays. I’m expecting a large deficit on the order of $20B as January payments get pulled into December since the 1st is a holiday. Note that we won’t do any adjustments for this since this happens every year. Statistically, I’d put the odds 50/50, but posting a surplus in December would make a good headline for somebody, so if I had to bet, that’s where I’d go.

Dec 27
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## Geithner Hits Debt Limit Early To Squeeze Republicans

By copernicus | Debt Limit

Good news…the generous editors at Seeking Alpha have published another article of mine…go check it out:

Geithner Hits Debt Limit Early To Squeeze Republicans

Dec 27
0

## Daily US Deficit For 12/24/2012

By copernicus | Daily Deficit

#### The US Daily surplus for 12/24/2012 was $12.1B pushing the surplus for the month to 29.4B. With four business days remaining, it is a very real possibility that we could end December with a surplus for the first time since 2007. I’ll go ahead and take one on the chin and further revise my estimate down to 0, +/- $10B for the month of December. As it stands, revenue is up $28B and outlays are down $34B for a $62B improvement over last year through 24 days. While the outlay improvement is primarily a timing issue, there is no explaining away the revenue improvement…let’s see if it sticks in January.

Dec 22
0

## Daily US Deficit For 12/20/2012

By copernicus | Daily Deficit

The US Daily Deficit for 12/20/2012 was $4.3B bringing the December Surplus through 20 days to $16B and dwindling fast. Revenue continues to build it’s lead on last year, now up to $20B and while behind due to timing, outlays are catching up to last year despite giving 2011 a $30B head start. Stay tuned… if I have a chance I’m hoping to complete a 2012 deficit preview for next Wednesday. Other than that, posting will be light. Enjoy the holidays!!

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