Tuesday, October 21st13.4°C
23836
23786

Gov't raises estimate of Q3 borrowing by $22B, to $192B; expects to borrow $187B for Q4

WASHINGTON - The U.S. Treasury Department has raised by $22 billion its estimate of what it needs to borrow in the third quarter to keep the government operating.

Treasury said Monday that it expects to borrow $192 billion in the July-September period, up from an estimate of $170 billion announced in April. The borrowing increase is mainly due to the government taking in less in revenue than previously expected.

Treasury also said it expects to borrow $187 billion in the fourth quarter of the year.

To meet borrowing needs, the government sells Treasury securities such as 10-year notes and 30-year bonds at quarterly refunding auctions.

The government ran a budget surplus of $71 billion in June, putting it on course to record the lowest annual deficit since 2008.

The Canadian Press


Read more Business News

23434


Recent Trending




Today's Market
S&P TSX14547.71+209.94
S&P CDNX822.2810.93
DJIA16614.81215.14
Nasdaq4419.479+103.404
S&P 5001941.28+37.27
CDN Dollar0.8913+0.0005
Gold1248.70-3.00
Oil82.08+0.12
Lumber329.70+0.10
Natural Gas3.687-0.024

 
Okanagan Companies
Pacific Safety0.100.00
Knighthawk0.01-0.005
QHR Technologies Inc1.17+0.05
Cantex0.055-0.025
Anavex Life Sciences0.192+0.001
Metalex Ventures0.045-0.005
Russel Metals33.09+0.81
Copper Mountain Mining2.17+0.18
Colorado Resources0.150.00
ReliaBrand Inc0.012+0.0009
Sunrise Resources Ltd0.060.00
Mission Ready Services0.46+0.01

 



22551

FEATURED Property
2096451#406 3220 Skyview Lane
2 bedrooms 2 baths
$236,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_





23803


Member of BC Press Council


23121