Treasury plans to borrow $305 billion this quarter
from MarketWatch.com - MarketPulse WASHINGTON (MarketWatch) -- The U.S. government is expected to borrow $305 billion in the current quarter, an estimate about $21 billion more than previously forecasted, the Treasury Department said Monday. Higher outlays and lower receipts led to the increase in borrowing needs, Treasury officials said. The government borrowed $286 billion in the July-through-September quarter. Treasury assumes an end-of-December cash balance of $60 billion. For the January-March quarter, Treasury said it expects to borrow $541billion with a cash balance of $60 billion. This would be the second highest quarterly borrowing on record. The agency will announce on Wednesday the sizes and terms of the auctions that it holds four times a year to finance the debt.