The US government is dramatically raising its expectations on how much capital it needs to borrow this quarter amid a growing fiscal deficit and dwindling cash reserves. The Treasury Department says it has increased its Q3 borrowing estimate to $1.007 trillion, significantly higher than its prior May estimate of $733 billion. The Treasury says the … Continue reading US Government To Borrow $1,000,000,000,000 in Q3 As Deficit Widens and Debt Servicing Costs Shatter 11-Year High: Treasury Estimate