The US Daily Cash Deficit for Tuesday 6/3/2014 was $29.5B bringing the June 2014 deficit to $22B through 3 days.
The first round of SS payments went out as expected totaling $24B and bringing 2013 and 2014 back into sync. Surprisingly…outlays appear to be running hot at +$4B, while Revenues maintain their early $2B lead….resulting in a deficit $2B over last year. Honestly, it’s way too early in the month to even be looking, but with the YOY naturally syncing up so nicely this month…why not??