The US Daily Cash Surplus for Tuesday 4/29/2014 was $6.5B bringing the April 2014 Surplus through 29 days to $123B with one day remaining.
It was another solid day…Taxes not withheld still running strong at $11.5B vs $6.8B a year ago. Revenues are at +2%, outlays are flat….I’d expect revenue to gain a bit more tomorrow with it being a Wednesday vs last year 4/30 being a Tuesday….with typically weak revenues. Other than that…w probably have a pretty good idea where April 2014 is going to land….at around a $$130B Surplus…the highest since…wait for it….April 2008 at $188B.
