US Daily Cash Deficit 11/6/2013

The US Daily Cash Surplus for Wednesday 11/6/2013 was $4.7B, pulling the November 2013 deficit through 6 days down to $49B.

11-06-2013 USDD

Through 6 days, there is really nothing to note other than revenues look good…being up a bit over 2012 despite being down a business day. Outlays are also down….which is likely attributable to one less business day, but we would more or less expect the gap to narrow over the rest of the month (but you never know). Also note that SS payments go out on the 2nd-4th Wednesdays of the month. Since this is the first Wednesday…no payment. The first SS payment (~$25B) goes out on the 3rd, unless that falls on a weekend or holiday, which is why they went out 11/1 this month.

On deck….we have a federal holiday Monday….$12B of SS payments next Wednesday, then about ~$30B of interest payments on 11/15, so we could be knocking on $100B by the end of next week.