Treasury Announces Marketable Borrowing Estimates: During the October – December 2023 quarter, Treasury expects to borrow $776 billion. During the January – March 2024 quarter, Treasury expects to borrow $816 billion.

Source: https://home.treasury.gov/news/press-releases/jy1851

The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing^[1] for the October – December 2023 and January – March 2024 quarters.

During the October – December 2023 quarter, Treasury expects to borrow $776 billion in privately-held net marketable debt, assuming an end-of-December cash balance of $750 billion.^[2] The borrowing estimate is $76 billion lower than announced in July 2023, largely due to projections of higher receipts somewhat offset by higher outlays.^[3]

During the January – March 2024 quarter, Treasury expects to borrow $816 billion in privately-held net marketable debt, assuming an end-of-March cash balance of $750 billion.^[4]

During the July – September 2023 quarter, Treasury borrowed $1.010 trillion in privately-held net marketable debt and ended the quarter with a cash balance of $657 billion. In July 2023, Treasury estimated borrowing of $1.007 trillion and assumed an end-of-September cash balance of $650 billion. The increase in privately-held net market borrowing was $3 billion: changes across all major components were small.

Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, November 1, 2023.

Sources and Uses Reconciliation Table — Source: https://home.treasury.gov/system/files/136/Sources_and_Uses_Oct_2023.pdf

TLDRS:

During the October – December 2023 quarter, Treasury expects to borrow $776 billion in privately-held net marketable debt, assuming an end-of-December cash balance of $750 billion.
The borrowing estimate is $76 billion lower than announced in July 2023, largely due to projections of higher receipts somewhat offset by higher outlays.
During the January – March 2024 quarter, Treasury expects to borrow $816 billion in privately-held net marketable debt.
During the July – September 2023 quarter, Treasury borrowed $1.010 trillion and ended the quarter with a cash balance of $657 billion.
In July 2023, Treasury estimated borrowing of $1.007 trillion and assumed an end-of-September cash balance of $650 billion.
From October 2023 - March 2024, Treasury expects to borrow $1.592 trillion.