Quick view of the current U.S. domestic fiscal backdrop besides all the attention cast this week on the European chaos wrt Greece's fiscal issues.
Data provided thru the 6th statement-day of February. Nothing spectacular but generally supportive with a slight upward bias YoY.
This month of February has become a very strong month in this data series due to tax refund withdrawals and EITC withdrawals; so expect a strong February.
Clock still ticking the countdown to the expiry of the "debt ceiling" suspension in mid-March which should produce another moron-fest fiscal soap opera a few weeks from now.
1 comment:
$443 billion last Feb!
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