Us Treasury says scaling back borrowing capacity
The Treasury Department says that it has scaled back its annual borrowing capacity by $232 billion since April and plans further gradual cuts in coming months.
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.