8/9/2013 Cash Deficit

The US Cash Deficit for Friday 8/9/2013 was $0.5B bringing the August 2013 Cash Deficit through 9 days to $59B. With 15 business days remaining, we are $10B under where revenue was last year and need to get to +$20B to hit our 10% growth target….so $2B per day gain… I suppose it is possible, but looking less likely…stay tuned. So far this month no real surprises other than revenues being a bit weaker and outlays being a bit lighter than expected. I see no reason yet to alter my outlook for a $155B cash deficit to end the month.

08-09-2013 USDD