WASHINGTON (MarketWatch) – The U.S. government expects to pay down $65 billion in net marketable debt in the April-June quarter, an estimate that is $47 billion lower than previously projected in February, the Treasury Department said Monday. The revised forecast is the result of lower receipts and higher spending than previously projected, the department said. The estimate assumes as end-of-June balance of $350 billion. For the July-September quarter, Treasury expects to issue $155 billion in net marketable debt, assuming a cash balance of $350 billion. During the January-March quarter, Treasury issues $244 billion in net marketable debt and ended the quarter with a cash balance of $314 billion.
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