US Daily Cash Deficit 1/6/2014

The US Daily Cash Surplus for Monday 1/6/2014 was $5.0B bringing the January 2014 deficit through 6 days to $21B.

2014-01-06 USDD

For the day…that is comparing Monday 1/6/2014 to Monday 1/7/2013…revenues were up $1B and outlays were down about $2B. Honestly it’s still too early to tell much of anything, but just for fun I looked at the “Cash Federal Tax Deposits” category on the DTS which makes up 75% of all cash revenues¬†and compared 1/6/2014 to 1/7/2013 thinking that these days should be about as clean cut a YOY comparison as I’m ever going to get. Yesterday came in at $11.824B vs $11.564B last year. ….good for a 2.2% increase…not much better than the increase in employment at 1.7% per my math. What does it mean?? Nothing yet…it’s one day out of ~250 or so. However, this is a key revenue stream I will be tracking in 2014. In total, the CBO is expecting FY 2014 revenues to be nearly +10% (they don’t forecast calendar years)…so we had better all hope this 2%¬†is just a fluke.