Treasury raises quarterly borrowing estimate to $344 billion

WASHINGTON (MarketWatch) - The U.S. government expects to borrow $344 billion in the October-December quarter, an estimate that is $74 billion higher than previously projected in August, the Treasury Department said Monday. The estimate includes an assumption of an end-of-December cash balance of $325 billion. For the January-March quarter, Treasury expects to borrow $165 billion in net marketable debt assuming a cash balance of $260 billion. During the July-September quarter, Treasury issued $133 billion in net marketable debt and ended with a cash balance of $199 billion. Earlier Monday,......(read more)

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