US Government Plans to Borrow More This Quarter Amid Disappointing Tax Receipts

Treasury aims to borrow $1 trillion over the next six months.
US Government Plans to Borrow More This Quarter Amid Disappointing Tax Receipts
The National Debt Clock in Washington on Nov. 13, 2023. Madalina Vasiliu/The Epoch Times
Andrew Moran
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The U.S. government plans to borrow more cash from private investors this quarter than initially forecast amid less-than-expected tax receipts, the Treasury Department said on Monday.

According to the department’s latest Treasury Refunding Announcement, Washington anticipates borrowing $243 billion in the April-June period. This is $41 billion higher than officials projected at the beginning of the year and much greater than market forecasts.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."