Analysis of the Deficit, Fiscal Cliff, and US Debt
Daily US Deficit For 12/18/2012
The US Daily Deficit for 12/18/2012 was $4.2B, reversing a 2 day run of $75B in surplus primarily related to corporate income taxes. Through 18 days, December 2012 is looking $47B better than last year, but adjusted for timing, we are really only about $17B better, primarily on strong corporate income tax receipts. Keep an eye on costs…they appear to be creeping up, and could wipe out some of the revenue gains by month end if the trend continues.