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U.S. borrowing seen dipping in Q4
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Tue, Nov 02, 2004
Source UPI
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WASHINGTON -- The U.S. Treasury said Monday the government will likely borrow less during the fourth quarter than it had initially estimated.
In its quarterly report of financing estimates, Treasury said it expects to borrow about $100 million from capital markets between October and December, compared with its August estimate of $122 million. But Treasury expects borrowing to go up during 2005, rising to $147 billion in the first quarter of next year. That would be the single-biggest quarterly borrowing in U.S. history. The number reached $89 billion during the third quarter ended Sept. 30, Treasury reported. Copyright 2004 by United Press International
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