U.S. Treasury expects to borrow $329 billion in third quarter

FAN Editor
The U.S. Treasury building is seen in Washington
The U.S. Treasury building is seen in Washington, September 29, 2008. REUTERS/Jim Bourg

July 30, 2018

WASHINGTON (Reuters) – The U.S. Treasury said on Monday it expects to borrow $56 billion more during the third quarter than previously estimated.

The department said in a statement it expects to issue $329 billion through credit markets during the July-September period, assuming an end-September balance of $350 billion.

The borrowing estimate for the third quarter is the highest since the same period in 2010 and fourth largest on record for the July-September quarter, according to a senior Treasury official.

Treasury also expects to issue $440 billion in net marketable debt in the October-December period. In the second quarter, Treasury borrowed $72 billion through credit markets.

Additional details of Treasury’s quarterly refunding will be announced at 0830 EDT (1230 GMT) on Wednesday.

(Reporting by Lindsay Dunsmuir; Editing by Andrea Ricci)

Free America Network Articles

Leave a Reply

Next Post

Group aims to help resolve Dakota Access protest warrants

An organization formed to provide legal help to opponents of the Dakota Access oil pipeline is launching an effort this week to help protesters with criminal warrants resolve their cases. There are about 100 outstanding warrants issued for people from 25 states, according to the Water Protector Legal Collective nonprofit, […]