The U.S. Treasury plans to borrow $1 trillion in the July–September quarter, raising its target by $453 billion due to lower-than-expected cash inflows and a deepening budget deficit. It anticipates ending September with $850 billion in cash. In Q4, it expects to borrow another $590 billion. Analysts warn this move, driven by high interest rates and economic uncertainty, could impact global markets and future fiscal policy. In Q2, actual borrowing fell short of earlier projections despite plans for larger debt.