Treasury raises quarterly borrowing estimate to $127 billion
The U.S. government expects to borrow $127 billion in the July-September quarter, an estimate that is $61 billion higher than previously projected in May, the Treasury Department said Monday. The increase in borrowing in the current quarter is due to changes in cash balance assumptions as well as a small increase in financing needs, the department said. The estimate includes an assumption of an end-of-September cash balance of $225 billion. For the October-December quarter, Treasury expects to... Читать дальше...