US Daily Cash Deficit 10/29/2013

The US Daily Cash Deficit for Tuesday 10/29/2013 was $6.5B bringing the October 2013 cash deficit to $81B with 2 days remaining.

10-29-2013 USDD

Revenues have now surpassed October 2012 totals and are poised to land somewhere between +5-10% YOY growth. Outlays have climbed back a bit but are still down $19B, but I have to believe that most of this reduction is still timing ($5B) and a backlog of refunds and bills that built up during the shutdown they still haven’t caught up on. If that’s true..it may slip out of October and burn November. If it’s not….well maybe they actually cut spending??? probably not though.