Here is the announcement.
Treasury Announces Marketable Borrowing Estimates
July 31, 2023
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?
"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