The US Daily Cash Surplus for Thursday 6/11/2015 was $1.6B bringing the June 2015 deficit through 11 days to $63B.
Tax revenues should start flowing in over the next few days, including ~$50B of corporate taxes Monday which will likely push the deficit to surplus. As it stands, revenues are up 4.5%…not too shabby, with outlays still being up big due to the timing issues discussed in the last post. Pull that out, and we are probably in our standard range of +1-3%. By the end of the week, we should have a much better feel for where revenue is headed, though revenues should remain elevated for the rest of the month.
