US Daily Cash Deficit 8/28/2014

The US Daily Cash Deficit for Thursday 8/28/2014 was $6.5B, following Wednesday’s $12.2B deficit. and bringing the August 2014 deficit to $137B with one business day remaining.

2014-08-28 USDD

2014 and 2013 remain pretty much neck and neck with a huge deficit on deck for Friday. Odds are they will stay pretty close, but you never know. revenues are sitting at only +1.2%…..we are hoping for closer to +5%, which looks unlikely. However….part of that is the missing business day….which we will catch up next month.

US Daily Cash Deficit 8/26/2014

The US Daily Cash Deficit for Tuesday 8/26/2014 was $4.8B bringing the August 2014 deficit through 26 days to $119B with three business days left.

2014-08-26 USDD

We are still pretty much all tied up with 2013. Tomorrow will post a ~$10B deficit with the last round of SS payments, Thursday will likely post a ~$2B deficit, and Friday looks like it will come in ~$35B or so…putting us somewhere between $160B and $170B for the month.

US Daily Cash Deficit 8/22/2014

The US Daily Cash Surplus for Friday 8/22/2014 was $0.6B bringing the August 2014 Deficit through 22 days to $119B.

2014-08-22 USDD

We have five days left in the month..enough time for some movement, but absent any large surprised (like maybe the $17B BoA settlement) we appear to be on track for $160-$170B deficit…just like last year.  It’s still too early to say for sure….but it’s starting to look like the deficit has more or less hit a plateau at the $500-$600B level.

2014-08-22 TTM Deficit

Above we have a chart of the TTM deficit from 2006 to present. You see it chugging along at $200B or so (the good ‘ol days) before spiking up to $1.8T….and then improving more or less for 5 years now. …until April-2014. Clearly anything can happen…but it would be a lot better to hit a plateau back around $200B….

US Daily Cash Deficit 8/21/2014

The US Daily Cash Deficit for Thursday 8/21/2014 was $5.9B following Wednesday’s $8.3B deficit, bringing the August 2014 deficit through 21 days to $119B with 6 business days remaining.

2014-08-21 USDD

2013 and 2014 revenues and outlays remain pretty much tied up. I wouldn’t expect a whole lot of change over six days, but revenues and outlays will probably continue to gain over 2013, each ending up a few percent.