Daily US Deficit For 01/04/2013

The US Daily Deficit for 1/4/2013 was $0.7B bringing the monthly total through 3 days to $27.7B. I’ll start putting up charts again tomorrow as we’ll have a week behind us. Before that, comparing years doesn’t really mean much because of the differences in the way weekends and payments fall.

Earlier today I read an article which I can’t find now, but it pretty much said that the fiscal cliff had pulled somewhere around $20B in revenues from 2013 into 2012 as people raced to realize gains before taxes went up. We definately did see a jump in revenue, but with all of the chaos surrounding the tax changes, I’m not sure we’ll even notice  a missing $20B in 2013, especially since it would have been spread out over multiple periods. In any case, i’ll be paying very close attention to year on year revenues as soon as we get a few months of 2013 under our belt.