US Daily Cash Deficit 10/10/2014

The US Daily Cash Deficit for Thursday 10/10/2013 was $1.9B bringing the October 2013 deficit through 10 days to $57B.

10-10-2013 USDD

Tax refunds are zero again, and outlays continue to be suspiciously low….$23B under the year ago amount, though about $5B of that is timing. My guess is that due to the shutdown…a lot of things just aren’t being paid now…. but will after a shutdown/debt limit deal is reached.

Despite the deficit, cash increased $13B to $36B thanks to some extraordinary measures trickery. As I write this, there does not seem to be an imminent deal on either the debt limit or the shutdown. I wouldn’t stress out yet though….It still looks to me like 11/1 is the date that the cash runs out.