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The Independent UK
The Independent UK
National
Via AP news wire

Treasury says borrowing needs increased by $262 billion

Treasury Department US Federal Reserve Inflation
Copyright 2022 The Associated Press. All rights reserved.

The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio.

Figures released Monday by the department show that to be a $262 billion increase compared to estimates announced in May, a sign that the federal government will need to be more reliant on debt.

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