4:31 PM » Treasury boosts quarterly borrowing estimate
WASHINGTON (MarketWatch) - The U.S. government expects to borrow $192 billion in the July -September quarter, an estimate that is $22 billion more than previously projected in April, the Treasury Department said Monday. Treasury assumes an end of September cash balance of $150 billion. The increase in borrowing is due, in part, to lower receipts than expected. For the October-December quarter, Treasury expects to borrow $187 billion with a cash balance of $140 billion. During the April-June quarter, Treasury paid down $64 billion in net marketable debt and ended with a cash balance of $139 billion. The department will announce on Wednesday the sizes and terms of the auctions that it holds four times a year to finance part of the debt.