6/26/2013 Daily US Cash Deficit

The US Daily Cash Deficit for 6/26/2013 was $8.7B….and was $3.8B on 6/25/2013, which I did not get a chance to post yesterday. With two days left the surplus is sitting at $58B for the month. With moderate deficits likely over the next 2 days, a $50B surplus would normally be a good estimate….not too shabby. However…supposedly a $60B or so payment from Fannie Mae is to be paid in June….though there seems to be no news on this for over a month. If it does happen, and I have no reason to believe it won’t…(it could be close to $70B with Freddie added in)…obviously the number could come in much higher…exceeding even my last guestimate of a $100B surplus by a healthy margin.

06-26-2013 USDD

Assuming nothing crazy happens(aside from the above)…never a safe assumption, Corporate taxes and withheld tax deposits are on track for 9% growth, while taxes not withheld appear to be honing in on +20%…a big swing from the -20% I was getting all worked up about last week 🙂