Treasury Boosts Quarterly Borrowing Estimate to $1 Trillion…

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(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.

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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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finance.yahoo.com/news/u-treasury-boosts-quarterly-borrowing-190000895.html

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