US Treasury raises Q2 2023 marketable borrowing expectations from $202bn to $243bn due to lower cash receipts.
The US Treasury Department raised its marketable borrowing expectations for Q2 2023 from $202bn to $243bn, citing lower-than-predicted cash receipts. The Department expects to borrow $847bn in the July-September quarter, assuming an end-September cash balance of $850bn. In the January-March quarter, the Treasury borrowed $748bn, ending with a cash balance of $775bn.
April 29, 2024
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