Analysis of the Deficit, Fiscal Cliff, and US Debt
Daily US Deficit For 12/26/2012
The US Daily Deficit for 12/26 was $7.9B, pulling the surplus down to $21.6B with 3 business days remaining in December. Not that it really matters, but whether or not December finishes in the black is going to come down to 12/31 outlays. I’m expecting a large deficit on the order of $20B as January payments get pulled into December since the 1st is a holiday. Note that we won’t do any adjustments for this since this happens every year. Statistically, I’d put the odds 50/50, but posting a surplus in December would make a good headline for somebody, so if I had to bet, that’s where I’d go.