News list for "U.S. Treasury Department"
On April 29, the US Treasury said on Monday that it expects to borrow $514 billion net in the second quarter, up $391 billion from its February estimate, mainly due to lower cash balances at the beginning of the quarter and lower net cash flow projections. The Treasury said in a statement that the second-quarter financing estimate assumes a cash balance of $850 billion at the end of June. Excluding the lower-than-expected cash balance at the beginning of the quarter, the second-quarter borrowing...
The US Treasury on Monday said it expects to borrow $514 billion net in the second quarter, up $391 billion from its February estimate, mainly due to a low cash balance at the start of the quarter and a lower forecast of net cash flow. The second-quarter financing estimate assumes a cash balance of $850 billion at the end of June, the Treasury said in a statement. Excluding the lower-than-expected cash balance at the start of the quarter, the second-quarter borrowing estimate is $53 billion lowe...
"We work with DOGE to identify waste, fraud and abuse," the US Treasury said in a statement. "To that end, the IRS has rescinded a previously planned $1.90 billion contract and committed to focusing on and using taxpayer funds wisely. We have included project SoW and FPDS entries for full transparency. We look forward to continuing to work with the DOGE team to reduce waste."
