The US Daily Cash Deficit for Thursday 8/28/2014 was $6.5B, following Wednesday’s $12.2B deficit. and bringing the August 2014 deficit to $137B with one business day remaining.
2014 and 2013 remain pretty much neck and neck with a huge deficit on deck for Friday. Odds are they will stay pretty close, but you never know. revenues are sitting at only +1.2%…..we are hoping for closer to +5%, which looks unlikely. However….part of that is the missing business day….which we will catch up next month.