The U.S. Department of Treasury announced the federal government plans to borrow $1.369 trillion over the next six months.

The fiscal year 2024 concluded with a federal shortfall of 1.83 trillion—the third-highest on record. According to Treasury data, the national debt topped $35.8 trillion on Oct. 24, three months after reaching the $35 trillion milestone.

In recent years, the U.S. government has issued trillions in short-term debt securities—bonds that mature from 30 days to 1 year—to manage higher interest payments and growing budget deficits. However, the Treasury is now being challenged by sluggish demand from domestic investors. Read the full story here›

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