US Daily Cash Deficit 7/15/2014

The US Daily Cash Deficit for Tuesday 7/15/2014 was $2.8B bringing the July 2014 deficit through 15 days to $68B.

2014-07-15 USDD

Revenue stands at -$13B vs2013…well short of the $-5B I had hoped/dreamed about just the other day. Corporate Income¬†Taxes did come in as expected…$6.8B worth, but were offset by unexpected (by me) reductions in withheld taxes and “other”. I suppose it could be timing still, but it doesn’t quite look like it. If it’s not…hitting that +5% target just got a lot harder…