The US Daily Cash Deficit for Friday 5/15/2015 was $26.7B bringing the May 2015 Deficit to $86B halfway through the month.
Revenue is down -$3B YOY, due to the one fewer business days, and either a timing event I don’t know about or a ~$5B one time event last year that flew under the radar, and did not repeat again this year. Outlays are up $2B, so we find the deficit up $5B.
We are a bit further behind on revenue than I thought we would be at this point, but nothing to worry about yet. The rest of May should be fairly low key as we trend up from here. My initial $100B deficit forecast may prove to have been a little bit optimistic if revenues don’t shore up, but I don’t expect anything drastic in the second half of the month.
