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Daily US Deficit For 12/12/2012

The Daily Deficit for 12/12/2012 was $7.1B, bringing the December deficit through 12 days to $39.6B. We see pretty significant year on year change compared to yesterday's post, due primarily to a $14B of Revenue 12/12/2011 related to the GSE MBS Purchase Program. It is not clear whether we will see a similar payment in December 2012.