US Daily Cash Deficit 9/10/2014

The US Daily Cash Deficit for Wednesday 9/10/2014 was $7.6B bringing the September 2014 deficit through 10 days to $49B .

2014-09-10 USDD


While it’s still early, we do see corporate taxes and quarterly tax deposits start to pick up, and YOY they look  pretty good….so far. Corporate taxes are at +23%…though this is off a tiny base of $1.6B. Taxes not withheld are up 13%. We should see another $100B+ from these two categories over the next 2 weeks…including ~$50B of corporate taxes Monday 9/15. which will probably be enough to push us to surplus for the month.