News release: “The U.S. Department of the Treasury today announced its current estimates of marketable borrowing…During the January March 2009 quarter, Treasury expects to borrow $493 billion of marketable debt, assuming an end-of-March cash balance of $225 billion, which includes $200 billion for the Supplementary Financing Program (SFP). This borrowing estimate is $125 billion higher than announced in November 2008. The increase in borrowing is primarily due to the SFP, lower receipts, and higher outlays…During the April June 2009 quarter, Treasury expects to borrow $165 billion of marketable debt, assuming an end-of-June cash balance of $45 billion.”
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