Analysis of the Deficit, Fiscal Cliff, and US Debt
Daily US Deficit For 1/17/2013
The US Daily Deficit for 1/17/2013 was $3.8B, bringing the January total through 17 days to $39B, now pretty much even with 2012. The revenue gap has narrowed to $22B and the outlays have narrowed to $27B. As mentioned yesterday, 2013 is currently 2 business days ahead of 2012 so it’s not a stretch to assume we are pretty much in line with last year at this point in time. Still no progress being reported on increasing the debt ceiling with about 4 weeks to go. I give it two weeks and it should start to get a lot more interesting.