US treasury borrowing estimate to $947 billion from $677 billion

US treasury announces borrowing requirements for the upcoming quarter

• US borrows $2.75 trillion in April – June quarter. That was below the 3 the trillion dollar estimate but was still a record
• July – September borrowing estimate to the $947 billion from $677 billion
• expects to borrow $1.216 trillion in October – December quarter
• US borrowing estimates assume $1 trillion in additional stimulus