| DrudgeReportArchives.com | ||
| Today's DrudgeReport.com Drudge's Special Reports | Recent Headlines Popular Headlines Time Line | |
 Treasury Predicts It Will Need To Borrow $1 Billion During Second Quarter Tue Apr 30 2002 10:34:50 ET The Treasury Department said it expected to borrow a net $1 billion during the April-to-June quarter -- not repay a net $89 billion, as it said it would do earlier this year, the WALL STREET JOURNAL reported on Tusday. MORE The announcement, the department's first official acknowledgment of its dismal tax collections during the important April filing season, increases the likelihood that the federal budget will linger in deficit for longer than the two years cited in congressional estimates. The government's troubled finances could even damp prospects for recovery by flooding debt markets and driving up interest rates. . The department attributed the swing in its outlook to lower-than-expected tax receipts and the economic-stimulus package enacted in March. |
|
The Drudge Report does not own, operate or maintain DrudgeReportArchives.com and is not responsible for it in any way.
Drudge Report : E-mail: drudge@drudgereport.com Matt Drudge's Book: Drudge Manifisto Matt Drudge on social media: Twitter (occasionally) Matt Drudge music: Playlist Home | DMCA | Link Decay General Support: |
