The US Daily Cash Deficit for Friday 1/31/2014 was $36.9B pushing the January 2014 cash deficit for the full month to $24B compared to $32B in January 2013.
Revenue was up 9.6% on the month….a $28B increase. Outlays appeared to be up, but once you back out timing were actually down about $15B. I’m still not convinced it is sustainable, but I can’t deny that at first glance, 2014 is off too a much better start than I imagined it would…..adjusted for timing this would have been a $40-$45B year over year beat. We’ll take it!!