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Ray of light: U.S. Treasury cuts October quarter borrowing estimate |
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| Nov 03, 2009 10:00 PM UTC |
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Via BloggingStocks:
Filed under: Forecasts, Federal Reserve, Financial Crisis One modest ray of light on the fiscal front for the United States: the U.S. Treasury, as expected, announced that total borrowing for the current quarter (October quarter) will be 43% lower, as a result of a reduction in money needed to help the U.S. Federal Reserve manage its balance sheet.The Treasury said net borrowing will total $276 billion for October thru December, compared to the previous estimate of $486 billion. The Treasury also projects a borrowing of $478 billion for the January-March quarter. Continue reading Ray of light: U.S. Treasury cuts October quarter borrowing estimate Ray of light: U.S. Treasury cuts October quarter borrowing estimate originally appeared on BloggingStocks on Tue, 03 Nov 2009 17:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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