The US Daily Cash Surplus for Tuesday 5/27/2014 was $3.5B bringing the May 2014 Deficit through 27 days to $94B with 3 business days remaining in the month.
Revenues gain just $100M YOY and are still negative for the year. Outlays are down about $25B, but should cut that in half with the 5/28 SS payments of about $13B. Absent any surprises, it is looking like my $133B deficit forecast may be a little light….$140B+ is starting to look likely, with the main variable being the size of the 5/30 deficit driven by payments due 6/1 being paid early due to the weekend. Last year 5/31 posted a $37B deficit under similar circumstances
