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Scott Anderson
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I am a bored corporate accountant who has been following the debt/deficit issue personally for nearly a decade. A few years back, looking for a better understanding of the US deficit, I stumbled across the Daily Treasury Statement, which is essentially a daily cash flow statement for the US... More
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US Daily Deficit
  • Daily US Deficit For 1/18/2013 0 comments
    Jan 22, 2013 5:45 PM
    Hey guys...it's been a few weeks since I've submitted anything to SA, so I thought I'd repost todays "Daily Deficit" from my blog over at USDailyDeficit.com . I will definitely submit a January update in a few weeks.The US Daily Deficit for 1/18/2013 was $0.3B. Usually, I do the month to date through the current, but since we know that 1/19-1/21 were zero, I'm just going to say the January deficit through 21 days was $40B vs $43B in 2012...so virtually the same. Revenue is flat, outlays are flat..deficit is flat. There are 8 business days left...still plenty of time for 2013 to make a run, but through 3 weeks, there is no evidence of increased revenues due to the expiration of the payroll tax cut and the tak hike on high earners. I would expect some delay...especially on the income tax hike...but honestly, those hikes were so tiny, perhaps $15B per month...they could easily get lost in the noise, especially in what promises to be a chaotic 1Q.

    2013-01-18 USDD

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