The US Daily Cash Deficit for Friday 9/5/2014 was $0.6B bringing the September 2014 deficit through one week to $42B.
Revenues are looking solid through one week at about +5%. Outlays appear way up…but this is the ~$18B of Medicare that went out in late August in 2013, but early September in 2014. Other than that, we appear to be pretty much aligned. September, being a quarter end should post some solid revenue numbers reversing August’s huge deficit with a surplus….I’m guessing in the $60B range. Look for the revenue surge to start next Monday 9/15 with corporate taxes in the $50B range…followed by a steady flow of personal taxes through the end of the month.