U.S. Raises Estimate for Oct.-Dec. Net Borrowing to $344 Billion

  • Treasury sees cash balance at $325 billion on Dec. 31
  • Treasury plans to sell a net $165 billion of debt next quarter

The U.S. government plans to borrow 27 percent more than previously expected this quarter to boost a cash balance that was depleted during the debt-ceiling standoff between Congress and the White House.

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