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Treasury increases quarterly borrowing estimate shoots higher

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WASHINGTON (MarketWatch) – The U.S. government expects to borrow $26 billion in the April-June quarter, an estimate that is $24 billion higher than previously projected in January, the Treasury Department said Monday. The latest estimate includes an assumption of an end-of-June cash balance of $200 billion. During the July-September quarter, Treasury expects to borrow $98 billion in net marketable debt assuming a cash balance of $115 billion. During the January-March quarter, Treasury borrowed $40 billion in net marketable debt and ended with a cash balance of $92 billion.

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