Treasury projects $189 billion net marketable debt borrowing in Q2 2026, $79 billion above February forecast.
Expected end‑June cash balance rises to $900 billion, driven by higher starting cash despite lower net cash flows.
Treasury anticipates $671 billion borrowing in Q3 2026, targeting $950 billion cash balance by end‑September.
Q1 2026 borrowing was $577 billion, ending cash $893 billion, $3 billion higher than forecast due to cash assumptions.