3/11/2013 Daily US Cash Deficit

The US Cash Surplus for 3/11/2013 was $3.2B on strong Monday revenues. The March 2013 deficit through 11 days is $66B, starting to show some divergence from 2012, but I suspect this will go away tomorrow when the 2012  GSE MBS Purchase Program Income discussed yesterday shows up in 2012, but not in 2013. (unless it does!!)

2013-03-11 USDD

It is also worth noting that 2010 and 2011 had two additional business days over 2012/2013 through 11 days, and already had their 2nd round of SS payments go out. March 2013 refunds are running $5B over last year…not a huge variance yet, but possible evidence that they are catching up on processing refunds.