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Daily US Deficit For 12/11/2012

The daily Deficit for 12/11 was $5.2B on $4.7B in revenues and $9.9B in outlays.

Through 11 days, we really aren't seeing much change over the last update. The apparent improvement over 2011/2010 is primarily due to 12/2012 payments getting pushed to 11/30 because of the weekend. There is potential for some true revenue improvement if the trend holds, but that won't really solidify until the middle of next week when we get a glimpse at corporate tax receipts. With Social security ETF's going out today, we will probably see a $10B deficit in tomorrow's report.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.