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