US Daily Cash Deficit 10/28/2013

The US Daily Cash Surplus for Monday 10/28/2013 was $5.1B bringing the October 2013 deficit with 3 days remaining to $74B.

10-28-2013 USDD

Revenues…currently sitting at $200B are just under the $204B we netted for all of 10/2012. Getting up to $220-225B by month end looks possible (but not certain) if the month ends strongly, which would be a solid +10% YOY gain. Outlays still look quite weak, and other than a few spots, I really haven’t seen a surge of outlays I expected after the shutdown ended as back pay and unpaid invoices were caught up. Not sure what to make of that, but it is what it is. The deficit…currently at $74B will likely climb a little from here, but absent a revenue slowdown or surge in outlays will likely beat my $91B outlook. Cheer up….that’s a good thing!!