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Treasury plans to borrow $305 billion this quarter

Daily newsbrief journal for October 2011, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Treasury plans to borrow $305 billion this quarter

Postby admin » Mon Oct 31, 2011 4:29 pm

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.
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