Analysis of the Deficit, Fiscal Cliff, and US Debt
4/23/2013 Daily US Cash Deficit
The US Daily Cash Surplus for 4/23/2013 was $39.3B bringing the April 2013 surplus to $95B with 5 business days to go. After a breather yesterday, the large revenue surge I was expecting but unsure of did come through and it exceeded last year by $12B, so another great day. If we can use last year as a guide…which is far from a sure thing…the April revenue party is now pretty much over. We will likely run a small net surplus over the rest of the month, so hitting $100B seems likely. Hitting $120B…possible, but it seems unlikely.