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2/27/2013 Daily US Cash Deficit

The US Daily Cash Deficit for 2/27/2013 was $23.6B bringing the February deficit to $220B with one day to go. Primary drivers for the rather large daily deficit was the last Social Security EFT of the month at $11.7B and $14.2B of refunds. 2/2012, with one additional business day ended up at $249B, and it seems unlikely that mark will be broken in 2013 thanks to an increase in tax revenues, mostly flat outlays, and a slowdown in tax refunds.

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