(Reuters) - "The increase in borrowing is primarily the result of
higher outlays, lower net issuance of state and local
government series securities and adjustments in quarterly cash
balances," Treasury said in an announcement of its anticipated
borrowing needs.
During the April-June second quarter, Treasury said it paid
down $139 billion, finishing on June 30 with a cash balance of
$25 billion. That was $6 billion less than Treasury estimated
in April that it would pay down -- a difference it said was
"primarily the result of slightly lower receipts."
Read more at Reuters.com Bonds News
higher outlays, lower net issuance of state and local
government series securities and adjustments in quarterly cash
balances," Treasury said in an announcement of its anticipated
borrowing needs.
During the April-June second quarter, Treasury said it paid
down $139 billion, finishing on June 30 with a cash balance of
$25 billion. That was $6 billion less than Treasury estimated
in April that it would pay down -- a difference it said was
"primarily the result of slightly lower receipts."
Read more at Reuters.com Bonds News
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