US Treasury to Borrow $1.6 Trillion in Last Half of 2023 Amid Slowing Growth
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US Treasury to borrow $776 billion in final 3 months of 2023, announced on Monday
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Comes 10 days after govt said 2023 budget deficit would be $1.7 trillion
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Expects to borrow $816 billion between Jan-Mar 2024
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Lower borrowing needs attributed to higher receipts, offset by greater expenses
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Growth remains strong but is expected to decelerate sharply, falling to 0.7% in Q4 2023