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Wednesday, November 02, 2011

US Treasury Estimates It Will Have to Borrow More - US Business News - CNBC

US Treasury Estimates It Will Have to Borrow More - US Business News - CNBC: "Treasury said it expects to issue $305 billion in net marketable debt for the October-December quarter, an increase of about $21 billion from estimates issued on Aug. 1.

Treasury said it expected to issue $541 billion in net marketable debt securities in the January-March 2012 quarter, marking the second-highest quarter on record.

The highest was the October-December quarter of 2008, when the Treasury Department sold $569 billion in debt to fund bailouts of the financial sector and automakers during the depths of the financial crisis."

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