Treasury to borrow $171 bln over July-Sept. quarter

[MoneyGuy]

WASHINGTON (MarketWatch) -- The U.S. Treasury expects to borrow $171 billion in the fourth fiscal quarter -- about $59 billion more than a late April projection, the government said Monday. Analysts said the federal government's increased role in the market for student loans and the collapse of IndyMac increased borrowing needs. For the first quarter of the next fiscal year, which begins in October, the government expects to borrow $142 billion. This forecast assumes quarter-end cash balances of $45 billion on Sept. 30 and $40 billion on Dec. 31.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

http://feeds.marketwatch.com/~a/marketwatch/marketpulse?i=BntnUp (http://feeds.marketwatch.com/~a/marketwatch/marketpulse?a=BntnUp)

http://feeds.marketwatch.com/~f/marketwatch/marketpulse?i=dheQPJ (http://feeds.marketwatch.com/~f/marketwatch/marketpulse?a=dheQPJ) http://feeds.marketwatch.com/~f/marketwatch/marketpulse?i=dzTG8j (http://feeds.marketwatch.com/~f/marketwatch/marketpulse?a=dzTG8j) http://feeds.marketwatch.com/~f/marketwatch/marketpulse?i=Nprwuj (http://feeds.marketwatch.com/~f/marketwatch/marketpulse?a=Nprwuj) http://feeds.marketwatch.com/~f/marketwatch/marketpulse?i=uammQJ (http://feeds.marketwatch.com/~f/marketwatch/marketpulse?a=uammQJ)
http://feeds.marketwatch.com/~r/marketwatch/marketpulse/~4/348679404

More... (http://feeds.marketwatch.com/~r/marketwatch/marketpulse/~3/348679404/story.aspx)

[Guru]

Preposterous and Scandalous!