US EditionUS Treasury Plans $1 Trillion Borrowing In Third Quarter Amid Cash Shortfall Post Debt Ceiling Standoff
UNITED STATES, JUL 28 – Borrowing increased by $453 billion from April estimates to restore cash reserves depleted after the debt ceiling impasse and new tax and spending legislation, Treasury said.
- On Monday, the U.S. Treasury said it expects to borrow $1.007 trillion in net marketable debt in the third quarter.
- Following the debt ceiling episode, the U.S. Treasury expects to borrow $1.007 trillion in Q3 to rebuild cash reserves after a $514 billion surge was delayed, according to Treasury data.
- Published moments ago, the estimate shows funding needs surged by over $400 billion, from $554 billion to $960 billion, and is $453 billion higher than April’s forecast.
- Market watchers note investors seek guidance on how long the Treasury can delay raising auction sizes, with full details at 8:30 am on Wednesday.
- Amid debt-limit constraints, the Treasury expects to borrow $590 billion in the October–December quarter, assuming an $850 billion cash balance at end-December.
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US Treasury Plans $1 Trillion Borrowing In Third Quarter Amid Cash Shortfall Post Debt Ceiling Standoff
The U.S. Treasury has announced plans to borrow a staggering $1.007 trillion in the third quarter, a move attributed to the need to restore its cash reserves, which were depleted during the recent debt ceiling crisis. What Happened: The Treasury’s borrowing projection for the third quarter is significantly higher than the $453 billion estimated in April, primarily due to a lower starting cash balance and anticipated reduced net cash flows. The d…
·New York, United States
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Total News Sources12
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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