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Treasury Sees 2018 Borrowing Needs Surging to $1.34 Trillion

• Bloomberg Quint - Randall Woods

Specifically, the department expects to issue $425 billion in net marketable debt from October through December, lower than the $440 billion estimated in July, according to a statement released Monday in Washington. The Treasury sees an end-of-December cash balance of $410 billion, compared with its previous forecast of $390 billion.

From July through September, the Treasury said it issued $353 billion in net marketable debt, compared with its earlier prediction of $329 billion in borrowing. The cash balance was $385 billion at the end of September.

Treasury borrowed $72 billion in the second quarter and $488 billion in the first three months of the year. According to Bloomberg calculations based on the Treasury data, borrowing this year will be the highest since 2010, when America was emerging from recession.

Treasury Sees 2018 Borrowing Needs Surging to $1.34 Trillion

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