US Daily Cash Deficit 5/16/2014

The US Daily Cash Surplus for Friday 5/16/2014 was $7.3B bringing the May 2014 deficit through 16 days to $81B.

2014-05-16 USDD

It was a really good day for revenue…we see a YOY gain of about $8B primarily on withheld taxes. I don’t fully understand it…maybe a YOY timing change, but we’ll take it….a $4B hole at mid month is a lot less daunting than yesterdays $12B YOY revenue shortfall…a few more of these and we’re back on track.