January 29, 2018 / 8:17 PM / 8 months ago

U.S. Treasury expects to borrow $441 bln in first quarter

WASHINGTON, Jan 29 (Reuters) - The U.S. federal government said on Monday it expects to borrow less in the January-March period than previously announced, the Treasury Department said on Monday.

The department said in a statement it expects to issue $441 billion through credit markets during the period, assuming an end-March cash balance of $210 billion. It also expects to issue $176 billion in net marketable debt in the second quarter. (Reporting by Jason Lange; Editing by Andrea Ricci)

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