The US Daily Cash Surplus for Monday 11/18/2013 was $11.6B on extremely strong revenues and weak outlays bringing the November 2013 deficit through 18 days down to $86B with 8 business days remaining.
And just like that…what looked just yesterday like a disappointing month for revenues is back in the mix posting $19B of revenue for the day compared to $11B for the comparable 2013 day (Monday 11/19/2012) good for a +$8B gain on the day. I honestly can’t explain this one…it’s all from withheld taxes….a series that generally doesn’t display a lot of volatility. Whatever the reason…we’ll take it. Revenues are now sitting at +8.5% YOY…in line with what we have come to expect and poised to possibly exceed expectations depending on how strong the rest of the month is.
