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Out of Control Spending
Out of Control Spending
Posted on August 4, 2014 at 4:00 pm by JM Ashby
The Treasury Department announced today that the nation’s borrowing needs have reached a 7-year low for the current quarter of the year and, if projections hold, the next quarter will be lower once again.
via Bloomberg
The U.S. Treasury said its borrowing needs this quarter declined to the lowest level for the period since 2007 as stronger economic growth boosts tax receipts.
Treasury plans to borrow $192 billion in the July-September period, about $22 billion more than it projected three months ago, with an end-of-September cash balance of $150 billion, the Treasury said today in Washington. Next quarter, Treasury plans to borrow $187 billion, with $140 billion in cash Dec. 31.
Treasury plans to borrow $192 billion in the July-September period, about $22 billion more than it projected three months ago, with an end-of-September cash balance of $150 billion, the Treasury said today in Washington. Next quarter, Treasury plans to borrow $187 billion, with $140 billion in cash Dec. 31.
http://www.bloomberg.com/news/2014-08-04/u-s-borrowing-needs-hit-7-year-low-for-quarter-on-stronger-gdp.html
http://bobcesca.thedailybanter.com/blog-archives/2014/08/out-of-control-spending-14.html
