The US Daily Cash Deficit for Wednesday 5/21/2014 was $7.7B bringing the May 2014 deficit through 21 days to $90B with just 6 business days remaining.
We see revenues again take a baby step backwards, but this time it is probably the timing of customs/excise taxes…we’ll probably get a $1.5B bump in the next day or two that catches us back up in that category at least. Other than that, and our other outstanding timing issues…this month looks remarkably similar to last year.
