U.S. federal govt to borrow 592 bln USD in second half 2012

 WASHINGTON, July 30 (Xinhua) -- The U.S. Treasury¹ Department announced Monday that the federal government expected to borrow 592 billion U.S. dollars from the market to fund its operation in the second half of this year, fresh evidence of the budgetary pressure facing the world's largest economy.

"During the July-September 2012 quarter, Treasury expects to issue 276 billion U.S. dollars in net marketable debt, assuming an end-of-September cash balance of 60 billion dollars," the department said in a statement.

The department forecast to issue 316 billion dollars in net marketable debt during the October-December quarter, assuming an end-of-December cash balance of 40 billion dollars.

U.S. economic activity has moderated in recent months, with growth held back by a number of temporary factors including the run-up in energy prices earlier this year, unusually warm winter weather, and the ongoing² sovereign debt crisis in Europe, said Janice Eberly, Assistant Treasury Secretary for Economic Policy, in a separate statement released Monday.

Cuts in U.S. government spending continued to weigh on the economic activity in the second quarter, with state and local government outlays³ falling for the 11th straight quarter, Eberly added.

1 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

2 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

3 outlays   

v.支出，费用( outlay的第三人称单数 )

参考例句：

• They report substantial slashes in this year's defense outlays. 他们报道今年度国防经费的大量削减。 来自辞典例句
• For MU, there were no upfront risks or cash outlays. 对摩托罗拉大学而言，没有风险或现金费用。 来自互联网