NEW YORK – The Treasury Department announced it expects to borrow $182 billion in the second quarter and $265 billion in the third quarter of 2012, it announced Monday.
The department plans to end each quarter with a $95 billion balance.
Three months ago, Treasury predicted it would borrow $200 billion in the quarter, finishing with a $90 billion balance.
Treasury borrowed $401 billion in the first quarter, ending with a $43 billion balance.
With the "fragile" ceasefire in the United States-Iran conflict underway, the risk of higher rates beyond those from March has largely been removed, said BofA strategists.
Less than two weeks after Washington Gov. Bob Ferguson signed a new tax on annual income over $1 million, a lawsuit has been filed seeking to overturn it.
The state does not have the bonding capacity to independently rebuild the American Legion Bridge, the feds say. The state continues to hope for a federal grant to help cover the cost.
During the two-week ceasefire anything could still happen and a "blow up" would create significant volatility, said Kevin McGuigan, director at Municipal Market Analytics.
Credit ratings agencies, consultants and budget analysts are beginning to calculate, costs, risks, and remedies associated with cuts to Medicaid prescribed by the One Big Beautiful Bill Act.
Moody's said the $350 million of Series 2007 Class I bonds are on review for further downgrade.
