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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on November 03, 2008, 06:24:05 PM

Title: Treasury expects to borrow record $550 billion
Post by: Bindare_Dundat on November 03, 2008, 06:24:05 PM

WASHINGTON (MarketWatch) -- The U.S. government is expected to borrow a record $550 billion in the current quarter, including $260 billion in special funding for the Federal Reserve's extraordinary liquidity programs, the Treasury Department said Monday. The borrowing estimate is $408 billion more than estimated three months ago. For the first three months of 2009, the government is expected to borrow $368 billion, the government said. In the three months ending September, the government borrowed $530 billion. The Treasury will announce on Wednesday the sizes and terms of its quarterly refunding auction.