The US Daily Cash Deficit for Wednesday 3/11/2015 was $14.7B bringing the March 2015 deficit through 11 days to $11B.
Not a whole lot of change since the last report. Pulling out the $35B FCC cash revenue, we are running a little bit ahead of last year on revenues. Individual refunds continue to keep pace YOY, while business tax refunds are double…$5.1B compared to $2.5B last year.
And with that….time for Spring Break!! Next post will likely be 3/23
