US Treasury Plans to Borrow $1.37 Trillion Over Next 6 Months

National debt is poised to reach $36 trillion soon.

Treasury Secretary Janet Yellen speaks at the Council on Foreign Relations in New York City on Oct. 17, 2024. Andrew Kelly/Reuters

The federal government plans to borrow $1.369 trillion over the next six months, the U.S. Department of Treasury announced on Oct. 28.

According to the latest Marketable Borrowing Estimates, the Treasury expects to borrow $546 billion from October to December. This is $19 billion lower than the department’s July announcement, “largely due to a higher beginning-of-quarter cash balance partially offset by lower net cash flows.”