US Treasury Increases Q4 Borrowing Estimate

US Treasury Increases Q4 Borrowing Estimate
The U.S. Treasury building is seen in Washington on Sept. 29, 2008. Jim Bourg/Reuters
Reuters
Updated:

The U.S. Treasury said on Monday it plans to borrow $1.015 trillion in the fourth quarter, more than the August estimate of $703 billion, due to having a lower balance at the beginning of the quarter.

The fourth-quarter estimate assumes an end-Dec. cash balance of $650 billion.