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Friday, May 2, 2014

Budget

News                                                                                                                             
WSJ | U.S. Treasury to Reduce Borrowing as Budget Outlook Improves
The Treasury said it would reduce auctions of 2-year and 3-year notes by $1 billion each next month and continue to gradually decrease sales in the coming months. While not locked on a set course, the Treasury would reduce borrowing by $66 billion over a full year if it were to continue cutting $1 billion a month for each security, an official said.