U.S. Gov't to Borrow 444 Bln USD in 2nd Half

The U.S. Treasury Department on Monday announced that the federal government expected to borrow 444 billion U.S. dollars from the market to fund its operation in the second half of this year.

During the July-September quarter this year, the department expected to issue 209 billion dollars in net marketable debt, assuming an end-of-September cash balance of 95 billion dollars, the department said in a statement.

During the October-December quarter, the department expected to issue 235 billion dollars in net marketable debt, assuming an end- of-December cash balance of 80 billion dollars, said the statement.

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