U.S. national debt to fall in Q2.

In what certainly seems like an unlikely turn of events, the U.S. government will retire $35B in bonds, notes, and bills during the second quarter, as spending cuts and higher tax receipts allow the Treasury to defy projections which showed net debt outstanding rising by over $100B during the three month period. If the national debt does indeed fall, it will be the first quarterly reduction since 2007. The respite will of course be short-lived, as the Treasury plans to borrow $223B from July through September, WSJ said.