The US Cash Deficit for 8/2/2013 was $23.8B thanks primarily to the first round of Social Security checks going out. Through 2 days, the August 2013 deficit is at $59B…on it’s way to $155B if my calculations are correct:)
As expected…due to the extra business day last year, August 2013 starts in a small revenue hole, but it’s not huge…$11B at this point. In order to reach the +10% we’ve come to expect, we need to get to about +20B. I’m a bit skeptical at this point, but crazier things have happened.