Analysis of the Deficit, Fiscal Cliff, and US Debt
Daily US Deficit For 2/7/2013
The US Daily Deficit for 2/7/2013 was $10.5B bringing the February cash deficit through 7 days to $77B. With the exception of refunds, everything is pretty much in line with last year. Note that revenue shows as negative today because refunds are higher than tax deposits. Unadjusted revenue is up $3B over last year, so on track to be around $15B or so for the month, which is what we would expect from the recent tax hikes. It’s still too early to start making projections though.