Treasury expects to borrow $340 bln this quarter

Discussion in 'Economics' started by ASusilovic, May 3, 2010.

  1. The U.S. government is expected to borrow $340 billion in April-June, the Treasury Department said Monday. The borrowing estimate is $72 billion more than previous estimates. The increase was due to re-establishment of the Supplementary Financing Program, designed to help the Federal Reserve conduct monetary policy. The government borrowed $483 billion in the last quarter. Treasury assumes an end-of-June cash balance of $280. For the July-September quarter, Treasury said it expects to borrow $376 billion with a cash balance of $270 billion. As a result, Treasury now expects to borrow $1.46 trillion this fiscal year, down from $1.79 trillion in the last fiscal year. Lower borrowing needs could translate into some modest cuts in some coupon auctions sizes, analysts noted. Treasury has asked primary dealers for their recommendations about what changes to make

    http://www.marketwatch.com/story/treasury-expects-to-borrow-340-bln-this-quarter-2010-05-03-151500

    Peanuts.
     
  2. i can't see how governments can take more loans. people will not buy them soon. it will stop. then there will be trouble.