Treasury borrowing drops but could rise with new COVID aid

WASHINGTON (AP) — The Treasury Department says it plans to borrow $274 billion in the current January-March quarter, down 54.1% from last three-month period. But officials concede that figure could rise significantly depending on what type of new coronavirus relief package is approved by Congress. Treasury’s projected borrowing figure for this quarter is down from the $597 billion in actual borrowing it did during the October-December quarter. The government ran up a record $3.1 tril