Daily Cash Deficit 2/25/2014

The US Daily Cash Deficit for Tuesday 2/25/2014 was $10.4B bringing the February 2014 Deficit through 25 days to $157B with 3 business days remaining in the month.

2014-02-25 USDD

Altogether, not much YOY change for the day, though refunds were a little higher and outlays were down a bit.  For the month, revenues still stand lower than last year by about $2B….with an increase in tax receipts being washed out by an increase in tax refunds. This could still go either way with the volume of tax refunds being the key unknown. Outlays, while down by quite a bit at this point due to timing, should more or less catch back up by Friday.