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Treasury Dials Back Estimates for U.S. Borrowing as Stimulus Talks Stall

WASHINGTON—The Treasury Department on Monday dialed back its estimates for government borrowing through the end of the year as negotiations over another large fiscal stimulus bill remain stalled.
The Treasury estimated the government would borrow $617 billion from October through December, down from its $1.216 trillion estimate in early August. Senior Treasury officials said they continue to assume that Congress eventually will pass another economic-relief package with about $1 trillion in new spending—the same assumption…
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