Sacramento Bee-

The Treasury Department announced Monday the federal government plans to borrow $329 billion in the current July-September quarter. That’s the highest third-quarter figure in eight years, as the government faces rising borrowing needs due to higher budget deficits.

Treasury said the projected borrowing is 74 percent higher than the $189 billion borrowed in the same quarter a year ago and would mark the largest July-September amount since 2010.

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