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US Treasury projects record Q3 borrowing of $947 billion

WASHINGTON — The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of $2.75 trillion in this year's second quarter. Treasury officials also announced Monday that the government plans to borrow $1.22 trillion in the October-December period. Those ...

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