The US is less broke than expected after the Q2 estimate was lowered to $182 billion from $201 billion.The second quarter is historically when borrowing is lowest due to tax filings.
Borrowing is expected to rebound to $265 billion in Q3, which is when Operation Twist ends, up from $190B last year.
Note that these numbers are only estimates and a miss of $40-50 billion is normal. Not much to take away here.
