The US daily Cash Deficit for Friday 10/25/2013 was $4.9B pushing the October 2013 cash deficit to $79B with 4 business days remaining.
Revenues actually lost a bit of ground…in part due to strong tax refunds which were delayed earlier in the month during the shut down. My initial estimate for the month was $91B. We are already close to that….but honestly, there is a lot of uncertainty about the remaining 4 days, so I hesitate to even try to guess where it ends up.
