"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.

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?

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