U.S. Treasury expects to borrow $250 billion in first quarter
Tweet
Share
E-mail
An employee of a money changer holds a stack of U.S. Dollar notes before giving it to a customer in Jakarta, October 8, 2015. REUTERS/Beawiharta
WASHINGTON (Reuters) - The U.S. Treasury said on Monday it would borrow more during the January-March period than it had previously estimated, due to an increase in the cash balance and a larger financing need.
The Treasury said in a statement it expects to issue $250 billion through credit markets during the period, up from an initial estimate of $165 billion.
The department said it expects to pay down $112 billion in net marketable debt during the second quarter of 2016.
(Reporting by Lindsay Dunsmuir; Editing by Andrea Ricci)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Indonesia to buy BrahMos missiles, Indian govt official says
- NATO to unveil big arms deals in Ankara before summit with Trump
- India to supply BrahMos, Astra missiles to Indonesia, India government official says
Create E-mail Alert Related Categories
Forex, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
