All articles tagged with #short term debt
Chicago Public Schools is seeking $1.25 billion in tax-anticipation notes due to a cash shortage caused by delayed property tax collections, which have led to a negative cash position and increased reliance on short-term borrowing amid ongoing financial challenges and a declining credit rating.
The US Treasury plans to issue more short-term debt, such as Treasury bills, to fund a growing budget deficit, continuing a strategy that increases borrowing without raising long-term interest rates, despite previous disapproval from Treasury officials. This approach, driven by technical needs and debt management strategies, carries risks if interest rates rise, potentially increasing the government's debt burden.