{"id":4757,"date":"2023-10-30T19:42:03","date_gmt":"2023-10-30T19:42:03","guid":{"rendered":"https:\/\/connectwithfund.com\/business\/treasury-set-to-borrow-776-billion-next-quarter-the-most-ever-borrowed-in-the-fourth-quarter\/"},"modified":"2023-10-30T19:42:04","modified_gmt":"2023-10-30T19:42:04","slug":"treasury-set-to-borrow-776-billion-next-quarter-the-most-ever-borrowed-in-the-fourth-quarter","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=4757","title":{"rendered":"Treasury set to borrow $776 billion next quarter, the most ever borrowed in the fourth quarter"},"content":{"rendered":"<div data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clod63kdm002q67pbd2azeeu3@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      The US Treasury Department said it expects to borrow $776 billion in the final quarter of this year, the most the government has ever borrowed during a fourth quarter.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clod8zyw6000b3b6iwss4rs00@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      The forecast is $76 billion less than the estimate Treasury made in August due to higher-than-anticipated tax collections in October. That\u2019s partially a result of deferred tax collections from residents and corporations in states like California where tax deadlines were extended due to extreme weather, Treasury officials said on a call with reporters on Monday.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clod6uam200083b6iye0f8hrf@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      The Treasury\u2019s new estimates will inform the size of upcoming auctions for bills, notes, and bonds \u2014 the details of which are set to be released by the agency on Wednesday morning.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clod9jlqd00013b6i7zfhyrsj@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      <em>This story is developing and will be updated.<\/em>\n  <\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnn.com\/2023\/10\/30\/economy\/treasury-set-to-borrow-usdtk-trillion-in-the-next-two-quarters\/index.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Treasury Department said it expects to borrow $776 billion in the final quarter of this year, the most the government has ever borrowed during a fourth quarter. The forecast is $76 billion less than the estimate Treasury made in August due to higher-than-anticipated tax collections in October. That\u2019s partially a result of deferred tax collections from residents and corporations in states like California where tax deadlines were extended due to extreme weather, Treasury officials said on a call with reporters on Monday. The Treasury\u2019s new estimates will inform the size of upcoming auctions for bills, notes, and bonds<\/p>\n","protected":false},"author":1,"featured_media":4758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"class_list":["post-4757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Treasury set to borrow $776 billion next quarter, the most ever borrowed in the fourth quarter | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"The US Treasury Department said it expects to borrow $776 billion in the final quarter of this year, the most the government has ever borrowed during a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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