US Daily Cash Deficit 5/19/2014

The US Daily Cash Surplus for Monday 5/19/2014 was $5.8B bringing the May 2014 deficit through 19 days to $76B.

2014-05-19 USDD

Revenues continue to make gains…we are now at $-2B with 8 business days remaining. Last year May revenues came in at $215B, so if we want to get to +5%, we’d need to get to +11B by the end of the month….or a little over +$1B per day gains, which definitely looks possible…we’ll have to wait and see though. Outlays are on track to end the month down $10B or so overall…primarily to there being one less business day….we’ll take it I guess.