1

"Do You Hear the Thunder in the Distance? It's a Freight Train Coming at America and Not Everyone is Going to Get Off, Not The Middle Class." Steve Laffey August 1, 2023

In life things change quickly, just like that.
1

Here is the announcement.

Treasury Announces Marketable Borrowing Estimates

July 31, 2023

Sources and Uses Table

WASHINGTON -- The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1]for the July – September 2023 and October – December 2023 quarters.

  • During the July – September 2023 quarter, Treasury expects to borrow $1.007 trillion in privately-held net marketable debt, assuming an end-of-September cash balance of $650 billion.[2]  The borrowing estimate is $274 billion higher than announced in May 2023, primarily due to the lower beginning-of-quarter  cash balance ($148 billion) and higher end-of-quarter cash balance ($50 billion), as well as projections of lower receipts and higher outlays ($83 billion).[3]

In one quarter?

Massive incompetence.

At least she went to China. Maybe she should have stayed?

Thanks for reading Steve Laffey's Substack--on the campaign trail! Subscribe for free to receive new posts and support my work.

1 Comment