WASHINGTON (MNI) - The U.S. Treasury Monday estimated it will
borrow $188 billion of net marketable debt in the fourth quarter of
2016, assuming a $390 billion cash balance on December 31.
Previously, the Treasury estimated it would borrow $182 billion in
the quarter, with a $390 billion cash balance at the end of December.
In the third quarter of 2016, Treasury borrowed $222 billion, while
the end-of-quarter cash balance was $353 billion. Treasury had
previously estimated it would borrow $201 billion in the third quarter,
assuming a $350 billion cash balance on September 30.
"The increased borrowing was driven by a combination of modestly
lower receipts, higher outlays, and the slightly higher end-of-quarter
cash balance," Treasury said.