WASHINGTON (Reuters) - The United States said on Monday it expects to borrow $155 billion in net marketable debt between January and March, down from a previous estimate of $209 billion.
The U.S. Treasury said it will pay down $7 billion in net marketable debt in the April-June quarter.
The department said it expected to reduce its cash balance, a step which is required by legislation passed early last February to suspend a legal limit on U.S. government borrowing, to $100 billion by end-March.
It assumed a cash balance of $150 billion at the end of June.
Reporting by Krista Hughes; Editing by Andrea Ricci