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Treasury Announces Marketable Borrowing Estimates

News release: “The U.S. Department of the Treasury today announced its current estimates of marketable borrowing…During the January – March 2009 quarter, Treasury expects to borrow $493 billion of marketable debt, assuming an end-of-March cash balance of $225 billion, which includes $200 billion for the Supplementary Financing Program (SFP). This borrowing estimate is $125 billion higher than announced in November 2008. The increase in borrowing is primarily due to the SFP, lower receipts, and higher outlays…During the April – June 2009 quarter, Treasury expects to borrow $165 billion of marketable debt, assuming an end-of-June cash balance of $45 billion.”

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