US Daily Cash Deficit 6/19/2014

The US Daily Cash Deficit for Thursday 6/19/2014 was $2.3B bringing the June 2014 surplus through 19 days to $61B.

2014-06-19 USDD

Revenues take a small $1B step back and outlays continue creeping up at +$0.7B. The last major unknown for the month is the GSE (Fannie/Freddie)┬ádividends which are paid quarterly. Of course last June…those added up to $66B…including $50B of special dividends. We won’t see a number that high, but last quarter still had $17B…which is probably a decent estimate, but I have seen a few reports indicating it may be $3-4B lower than last quarter…I guess we’ll just have to wait and see.