May 1 (Reuters) - The U.S. Treasury said on Monday it
expects to borrow $726 billion in the second quarter, higher
than the January estimate by $449 billion due to a lower cash
balance at the beginning of April and forecasts of lower
receipts and outlay for the period.
The second-quarter financing estimate assumes an end-June
cash balance of $550 billion, the Treasury said in a statement.
The Treasury also announced it expects to borrow $733
billion in debt in the third quarter, as it projects a cash
balance of $600 billion at the end of September.
In the first quarter of 2023, the Treasury said it issued
$657 billion in net marketable debt and ended that quarter with
a cash balance of $178 billion.
(Reporting By Gertrude Chavez-Dreyfuss)
rm://gertrude.chavez.reuters.com@reuters.net))
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