US Treasury Announces $1.37 Trillion Borrowing Plan for Upcoming Six Months"

 


"US Treasury Announces $1.37 Trillion Borrowing Plan for Upcoming Six Months"




The U.S. Treasury announced on October 28 that it plans to borrow $1.369 trillion over the next six months, adjusting for cash flow projections and balance requirements.



The latest Marketable Borrowing Estimates from the Treasury indicate plans to borrow $546 billion from October to December, $19 billion less than previously forecasted in July. This adjustment is attributed to a higher starting cash balance, offset partially by lower net cash flows.


From July to September, Washington borrowed $762 billion, exceeding initial projections by $22 billion.



In the January to March quarter, the Treasury plans to borrow $823 billion, aiming for an end-of-March cash balance of $850 billion. This period may align with another round of debt-ceiling negotiations, with expectations that Congress will either raise or re-suspend the limit.



If forecasts hold, the first-quarter 2025 borrowing of $823 billion would be the largest nominal amount recorded for this period.


The government’s latest projections were released ahead of its quarterly refunding announcement on Oct. 30, in which the Treasury Department will outline its plans for long-term debt issuance.


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