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MNI BRIEF: US Treasury Lowers Q3 Borrowing Estimate By $106B

USPolicy NewsHomepageEmailFiscalGovernment sectorBriefStoryRegionNorth America

The U.S. Treasury Department said Monday it expects to borrow USD740 billion in the third quarter, USD106 billion less than previously announced in April. For the fourth quarter, Treasury expects to borrow USD565 billion, lower than market estimates.

Treasury is assuming a cash balance of USD850 billion at the end of September, the same as assumed in April. Treasury assumes an end-December cash balance of USD700 billion. Treasury's cash balance sat at USD768 billion according to the most recent data.

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The U.S. Treasury Department said Monday it expects to borrow USD740 billion in the third quarter, USD106 billion less than previously announced in April. For the fourth quarter, Treasury expects to borrow USD565 billion, lower than market estimates.

Treasury is assuming a cash balance of USD850 billion at the end of September, the same as assumed in April. Treasury assumes an end-December cash balance of USD700 billion. Treasury's cash balance sat at USD768 billion according to the most recent data.

Keep reading...Show less