US Daily Cash Deficit 9/3/2013

The US Daily Cash Deficit for 9/3/2013 was $34.7B starting off the month with a bang. The first round of SS payments went out at $24B, as did $6B of interest payments. This is all more or less in line with expectations…one down, 19 business days to go.

09-3-2013 USDD

Revenues are a bright spot…kicking off the month at $+4B already, but honestly it is way too early to read too much into this.