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The Daily Hodl 2023-08-04 00:04:03

US Government To Borrow $1,000,000,000,000 in Q3 As Deficit Widens and Debt Servicing Costs Shatter 11-Year High: Treasury Estimate

The US government is dramatically raising its expectations on how much capital it needs to borrow this quarter amid a growing fiscal deficit and dwindling cash reserves. The Treasury Department says it has increased its Q3 borrowing estimate to $1.007 trillion, significantly higher than its prior May estimate of $733 billion. The Treasury says the The post US Government To Borrow $1,000,000,000,000 in Q3 As Deficit Widens and Debt Servicing Costs Shatter 11-Year High: Treasury Estimate appeared first on The Daily Hodl .

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