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In an announcement today, the Treasury Department is projecting to pay down $45 billion on the federal debt in the current third quarter, with an expected cash balance of $50 billion by September 30. Additionally, it expects a net paydown of about $10 billion for the fourth quarter with a $30 billion cash balance at the end of December. These projections were announced on Monday and are slightly below the previous estimates made by the Treasury Department in May, which projected a $47 billion paydown and a $45 billion ending balance for the current quarter.
Sunday, 30 July, 2000