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Apr 28, 2009

Treasury's Plan Estimates $361 Billion in Borrowing - WSJ.com

By JEFF BATER
WASHINGTON -- The Treasury Department estimated it would borrow $361 billion in marketable debt in the second quarter, a record for the period and more than double its previous projection.

The latest projection for the current quarter, issued in a Treasury statement Monday, would leave the Treasury with an estimated cash balance of $245 billion on June 30. By borrowing marketable debt, the Treasury in essence issues securities that investors can trade in a secondary market.

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Treasury's Plan Estimates $361 Billion in Borrowing - WSJ.com

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