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Treasury cuts its fourth-quarter borrowing estimate

Por: MarketWatch Politics October 30, 2023

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The updated forecast includes an end-of-quarter cash balance of $750 billion. Looking ahead to the first quarter, Treasury said it expects to borrow $816 billion with a cash balance at the end of March of $750 billion. Economists have been focusing on the government’s relatively large deficit, coming at a time when the unemployment rate is close to a decades-low level. This is a time when the government usually has been able to tighten its... + full article



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