The US Daily Cash Surplus for 9/23/2013 was $13.7B as revenues from “Taxes not Withheld” defied the historical trend for the second day in a row, posting $9.1B of cash revenue compared to the comparable year ago (9/24/2012) cash revenue of $5.7B. Last year, these revenues dried up before the end of the week, ending at only $300M on 9/28/2012. If we don’t see a similar crash over the next few days, it wouldn’t take much to handily beat the year ago revenue $ from this source.
So on that strength, revenues show strong YOY gains for the second day in a row, and are now at $+7B….a 3% YOY increase with additional gains looking likely. The Monthly Surplus is now sitting at $52B with 5 business days remaining in the month. There is still plenty of upside left with the likelihood of topping $70B growing by the day(for now).
