The US Daily Cash Deficit for Thursday 7/24/2014 was $7.8B bringing the July 2014 deficit through 24 days to $88B.
No real change in overall YOY revenues or outlays, though there was a $3B Medicaid payment that pushes us to $24B for the month…with 5 days remaining. It looks quite likely we will break a record set back in Dec-2010 at $27.8B. But unlike 2010, which was a one time spike…this is starting to look like a very bad trend…let’s just hope it stabilizes somewhat next year…
