Treasury sees less borrowing in Q4 after Q3 debt surge

Treasury debt numbers

• Will issue $425 billion in debt in Q4 versus $420 billion July estimate

• Sees end-of-December cash balance of $410 billion versus $390 billion July forecast

• From July-Sept issued $353 billion in net debt compared with $329 billion forecast

US borrowing will more-than double this year to $1.34 trillion on the rising budget deficit -- the highest since 2010.