UPDATE 1-U.S. Treasury slashes Q1 borrowing estimate due to higher cash balance - Reuters

12:29pm PST - February 1st, 2021    stimulus update - Reuters

The U.S. Treasury said on Monday it plans to borrow $274 billion in the first quarter, significantly lower than the November estimate of $1.127 trillion, with the decline due to the department's higher cash balance at the beginning of January.