Analysis of the Deficit, Fiscal Cliff, and US Debt
Daily US Deficit For 2/1/2013
The US Daily Deficit for 2/1/2013 was $57.7B…off to a roaring start due to the timing of outlays and the start of tax refund season. In all of January a mere $672M of refunds were issued to individuals, compared to $3.973B last Friday alone. If this February is similar to last, we can expect another $130B of refunds to go out over the next 18 business days. As usual, it is going to take a few weeks for the timing issues to work their way out of the data, so hang on!! **Chart Titles should read February** Whoops!!