US Treasury to borrow $350 billion
The Treasury Department said on Monday it plans to borrow $350 billion in the July-September quarter by issuing new government bonds.That was up modestly from the April-June period, when the Treasury issued $344 billion in â€œmarketableâ€ securities, meaning those that can be resold in financial markets.
The US Treasury said on Wednesday it will sell $22 billion of long-term debt next week and pay down $32.5 billion of maturing debt, but its borrowing will likely rise in coming months due to larger deficit projections and federal fiscal stimulus spending.