Monday, July 28, 2003

Republicans can't handle money

Jeannine Aversa of AP here here

The government's estimate of how much it expects to borrow from the credit markets this quarter has risen by a third to compensate for lower than expected income-tax payments and higher spending, the Treasury Department said Monday.
Treasury's latest $104 billion borrowing projection for the July-September quarter is larger than a previous estimate of $76 billion made in April.

The new projection would represent the largest amount ever borrowed during the July-September quarter.

A billion here, a billion there— pretty soon you're talking real money!