U.S. expects to borrow $329 billion in third quarter, largest borrowing in that period in 8 years
Source: Market Watch
By Greg Robb
Published: July 30, 2018 3:21 p.m. ET
The U.S. Treasury expects to borrow $329 billion in the July-September quarter, $56 billion more than previously estimated, according to a statement Monday. The new forecast includes an end-of-quarter cash balance of $350 billion. This is the largest borrowing in the third quarter since 2010 and is well above the $189 billion borrowed one year ago. Details of the borrowing will be released Wednesday. One of the reasons for the increased borrowing is that the Fed is not replacing as many securities on its balance sheet once they mature, allowing some to "roll off" under its new policy of quantitative tightening. Analysts at Jefferies estimated the government will end up borrowing over one trillion dollars this fiscal year, which ends Oct. 1. During the April-June quarter, Treasury borrowed $72 billion in net marketable debt and ended with a cash balance of $333 billion. This was slightly lower than the $75 billion estimated. During the October-December quarter, Treasury said it expects to borrow $440 billion in net marketable debt with a cash balance of $390 billion.
###
Read more: https://www.marketwatch.com/story/us-expects-to-borrow-329-billion-in-third-quarter-largest-borrowing-in-that-period-in-eight-years-2018-07-30
JULY 30, 2018 / 3:14 PM / UPDATED 44 MINUTES AGO
U.S. debt sales set to surge, hit short-term maturities most
Lindsay Dunsmuir, Karen Brettell
WASHINGTON/NEW YORK (Reuters) - The U.S. Treasury on Monday said it expects to borrow $56 billion more during the third quarter than previously estimated, and market participants expect shorter-dated Treasuries to absorb the brunt of the new supply as the Trump administration grapples with a mushrooming budget deficit.
The U.S. Treasury building is seen in Washington, September 29, 2008. REUTERS/Jim Bourg
The federal government is ramping up bond issuance to cover a budget hole fueled by big spending increases and falling corporate tax receipts. It also has to fill gaps left as the Federal Reserve cuts its massive bond portfolio.
The Treasury Department said in a statement that it expects to issue $329 billion through credit markets during the July-September period, assuming an end-September balance of $350 billion. It also forecast $440 billion of borrowing in the final three months of the year. The borrowing estimate for the third quarter is the highest since the same period in 2010 and fourth largest on record for the July-September quarter, according to a senior Treasury official. In the second quarter, net borrowing totaled $72 billion.
Social security costs, military spending and debt service expenses are all on the rise at the same time as corporate tax income is declining after last year’s tax reforms. As a result, the U.S. fiscal picture is darkening, with the federal budget deficit expected to reach $833 billion this year, up from $666 billion in the budget year ended last September, according to the Treasury’s June budget report.
more
https://www.reuters.com/article/us-usa-debt-borrowing/u-s-treasury-expects-to-borrow-329-billion-in-third-quarter-idUSKBN1KK28Q?il=0
= new reply since forum marked as read
let me just guess...................going after elderly warrants, and those on disabilities.................how about food stamps.....................again.................
(on what THEY want to "spend" on). 
