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Answer for the clue "Going into the red ", 11 letters:
overdrawing

Word definitions for overdrawing in dictionaries

Wiktionary Word definitions in Wiktionary
vb. (present participle of overdraw English)

The Collaborative International Dictionary Word definitions in The Collaborative International Dictionary
Overdraw \O`ver*draw"\, v. t. [imp. Overdrew ; p. p. Overdrawn ; p. pr. & vb. n. Overdrawing .] To exaggerate; to overdo. (Banking) To make drafts upon or against, in excess of the proper amount or limit; to draw more than the balance in one's account. ...

Usage examples of overdrawing.

That, recoiling from oblivion, we can recreate in a fractional moment whole years gone past, years yet to come--striving to lengthen our existence, stretching out our apperception beyond the phantom boundaries, overdrawing upon a Barmecide deposit of minutes, staking fresh claims upon a mirage?