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Treasury Boost Quarterly Borrowing Estimate To $189BN: Full Quarterly Refunding Preview
Treasury Boost Quarterly Borrowing Estimate To $189BN: Full Quarterly Refunding Preview
The US Department hiked its estimates for US debt borrowing in the current quarter, citing lower net cash flows.
In a statement published today, and ahead of Wednesday's Quarterly Refunding Announcement, the US Treasury said that it now expects to borrow $189 billion in net debt for the current quarter, up ~$80 billion from the $109 billion it had forecast in February. The estimate assumes a June quarter-end cash balance of $900 billion, the same as the prior forecast.
According to the...
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May 4, 2026 / Dave DeCamp
Iran’s Foreign Minister Says No Military Solution To Hormuz, Warns US and UAE Against a ‘Quagmire’
Iranian Foreign Minister Abbas Araghchi has said that the flare-ups in the Strait of Hormuz on Monday show there’s no “military solution” to the crisis and warned the US and the UAE against being drawn into a “quagmire” in the region. “Events in Hormuz make clear that there’s no military solution to a political crisis,” […]
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May 4, 2026 / Dave DeCamp
Iranian Media: Attack on UAE Oil Facility Result of US ‘Adventurism’ in the Strait of Hormuz
Iranian media reported on Monday that the attack on oil facilities in the UAE’s port of Fujairah was the result of US “adventurism” in the Strait of Hormuz. “Iran had no pre-planned intention to attack the Fujairah oil facilities,” an Iranian military official told the Iranian broadcaster IRIB. “The incident resulted from US military adventurism […]
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May 3, 2026 / Tyler Durden
Will Black Voters Rescue The GOP In 2026?
Will Black Voters Rescue The GOP In 2026?
The Republican Party is bracing for a brutal midterm election this year. Polls show Democrats ahead in the generic congressional ballot, and prediction markets give them solid odds of taking the House and a modest chance of flipping the Senate. But despite polls and prediction markets, there are signs that the GOP could defy history.
And it comes down to black voters.
Could black voters actually be the secret weapon that keeps Republicans in power after the 2026 midterms? The numbers, at least according...
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