Analysis of the Deficit, Fiscal Cliff, and US Debt
Daily US Deficit For 1/24/2013
The US Daily Deficit for 1/24/2013 was $2.4B bringing the January total through 24 days to $29B. There are five more business days left, and nothing out of the ordinary left on the calendar, so I am comfortable with somewhere around a $25B deficit for the month. Still no word on the Debt Limit hike making it through the senate and getting signed by the President, but I did read an article that said no opposition was expected. In any case, Treasury still has $70B cash in hand, so they should have enough to make it past 2/1 fairly comfortably even if the “No Budget No Pay” isn’t signed next week.