U.S. Treasury will have to borrow $2 trillion this year just to continue functioning—more than $166 billion every month

AI Summary

The U.S. Treasury is projected to borrow over $2 trillion in the current fiscal year, significantly impacting cash flow management. This borrowing burden reflects the growing financial obligations the government faces.

The U.S. Treasury will likely have borrowed more than $2 trillion by the end of the fiscal year, according to the latest estimates out of ...