#AbuDhabiStablecoin Treasury Department on Monday said it will need to borrow $514 billion between April and June, blowing past the $123 billion it forecast in February, according to a statement.

The department blamed the spike on starting the quarter with way less cash than expected, a direct hit from Congress still not fixing the debt ceiling.

In February, the Treasury figured it would have about $850 billion sitting in the bank by the end of March. That didn’t happen. Instead, the actual number fell to around $406 billion.

Because the debt limit snapped back into place in January, the government couldn’t push out any new Treasuries to fill the gap. Even with that shortfall, officials are stubbornly sticking to their $850 billion cash target for the end of June, still betting lawmakers will finally deal with the ceiling mess.

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