7/12/2013 Daily US Cash Deficit

The US Daily Cash Surplus for 7/12/2013 was $0.7B bringing the July 2013 deficit through 12 days to $76B. Revenues are still showing some weakness…at 4% YOY growth, but there is a good chance that improves a bit this week as corporate taxes start flowing in. Furthermore, the extra day over 2012 should give July 2013 a ~5% bump at the end…at August’s expense.

07-12-2013 USDD