The US Daily Cash Deficit for Friday 7/25/2014 was $0.4B leaving the July deficit virtually unchanged at $88B with 4 business days remaining.
Revenues were down a bit and outlays were up. If patterns hold…we appear to be headed for an ~$80B deficit compared to my initial $60B guess. So what happened?? Outlays are surprisingly strong despite favorable timing…and revenues are under what I had expected, though they do seem like they may come in at about +5%
