The US Cash Deficit for 8/20/2013 was $7.1B pushing the August 2013 deficit though 20 days back over $100B to $104B with 8 business days remaining.
After a couple days of gains, Revenues stepped back…losing $1B of ground with 2012, settling at $-4B with 8 business days remaining. Outlays continue to run about $10B under last year after adjusting for the timing of Social Security with the most apparent cuts still in Defense Vendor Payments and Education Department programs.
So…with 8 business days left, I see no reason to change the monthly deficit forecast I started with at $155B. There is some significant uncertainty regarding the month end where payments due 9/1 (Saturday) will be paid 8/31…I am guessing $35B, but I don’t have a good enough handle on it to nail it down. So…We are still on track for $155B+/- $10B…I think 🙂
