Analysis of the Deficit, Fiscal Cliff, and US Debt
Daily US Deficit For 2/15/2013
The US Daily Deficit for 2/15/2013 was $42.6B thanks to large refunds ($8.5B) and the anticipated interest payment of $33.8B, a $1.1B and 3.3% increase over last years payment on the same date. Through 15 days, the US cash deficit for February is $164B. Revenues, Outlays, and the deficit are all pretty much in line with 2012, making it entirely plausible that the February deficit will meet or exceed last year’s deficit of $249B despite tax hikes and alleged spending cuts.