The Treasury Department expects to pay down $78 billion with its quarterly refunding, and end the quarter with a $130 billion cash balance, it announced Monday.
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In its prior estimate, Treasury expected to pay down $40 billion and finish with a $150 billion cash balance.
In the first quarter, Treasury borrowed $265 billion and had a $142 billion cash balance at quarter's end, compared to estimates of borrowing $284 billion and ending with a $130 billion cash balance.
Treasury expects to borrow $169 billion in the third quarter, and end the period with a cash balance of $130 billion.
Details of the quarterly refunding are to be released Wednesday morning.
