(Bloomberg) — The U.S. Treasury increased its estimate of federal borrowing needs for the three months through December after it ran down its stockpile of cash more than it previously anticipated.
The Treasury’s projections, released in Washington Monday, come as longer-term borrowing needs depend on the fate of two fiscal packages being finalized in Congress. U.S. debt managers expect to borrow $1.02 trillion in the October-December period, about $312 billion more than the $703 billion in net marketable debt issuance it anticipated in August.
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