Treasury ready to pay off some debt
Tuesday, April 30, 2013 11:24 AM
The U.S. Treasury Department plans to pay off debt in the current quarter for the first time in six years, MarketWatch reported. In a statement, the department said it expects to pay off $35 billion of debt in the April-to-June quarter. In February, officials estimated that the department would have to borrow $103 billion. This will be the first quarter that the department has paid off debt since April-to-June period of 2007. Click here to read more.