US Treasury to Borrow $776 Billion in Final Three Months of 2023: What You Need to Know

The U.S. Treasury Department announced it will be looking to borrow $776 billion in the final three months of 2023. This was revealed in a closely watched announcement Monday afternoon. 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.

While a significant sum, the U.S. government’s borrowing needs will decline slightly in the final three months of 2025 from the amount borrowed in the same period of the previous year. The U.S. Treasury will borrow $776 billion in the final three months of 2025, the agency said Monday. The sum represents a drop in the federal government's borrowing needs.

This amount is below the $1.01 trillion projected earlier, indicating a change in the government's borrowing strategy. The U.S. Treasury Department said on Monday it expects to borrow $776 billion in the fourth quarter, $76 billion less than its forecast in July, citing increased revenue.

Stay updated on Money and fiscal policy as we continue to track the implications of the US Treasury's borrowing activities in the final months of the year.