Treasury to increase borrowing amid debt ceiling standoff

The U.S. plans to borrow $932 billion during the January-to-March quarter. That's $353 billion more than projected last October, due to a lower beginning-of-quarter cash balance and projections of lower-than-expected income tax receipts and higher spending, according to AP. The increased borrowing will take place as Democrats and the White House push for Congress to ... (LaPresse)

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