US Treasury to borrow $1 trillion in third quarter to rebuild cash
- Posted on July 29, 2025
- By Business News Today
- 2 Views
US Treasury to borrow $1 trillion in third quarter to rebuild cash
The U.S. Treasury anticipates borrowing $1.007 trillion in the third quarter, significantly higher than April's estimate, to replenish cash reserves depleted during the recent debt ceiling debate. Following President Trump's tax and spending bill, the debt ceiling increased to $41.1 trillion.
