Reported about 22 hours ago
The US Treasury has revised its federal borrowing estimate for the current quarter to $514 billion, significantly up from a previous estimate of $123 billion. This adjustment is attributed to a lower than anticipated starting cash balance, caused by the ongoing stalemate in Congress over raising the federal debt limit. The Treasury had expected a cash balance of $850 billion by the end of March but found it to be only about $406 billion. The updated borrowing forecast assumes that the debt ceiling issue will be resolved in the near future.
Source: YAHOO