The federal government plans to borrow $1.3 trillion over the next six months, according to the Treasury Department’s latest Marketable Borrowing Estimates published on July 29.
In the July-September quarter of fiscal year 2024, the Treasury expects to borrow $740 billion in privately held net marketable debt. This is down $106 billion from the previous estimate, made in April 2024. The drop takes into account mainly the Federal Reserve slowing its redemptions of Treasury securities and a higher beginning-of-quarter cash balance.
