The Treasury said yesterday that it will borrow the money needed for the tax rebates that are now going to U.S. taxpayers as part of President Bush's $1.35 billion tax cut.

And dipping into Social Security money may be next.
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Instead of paying down $57 billion in debt, as the Treasury expected on April 30, the Treasury now plans to borrow $51 billion. "The change in borrowing reflects a number of factors, most significantly the shift in the September 15 corporate tax due date to October 1 and the need to finance in this quarter the tax rebates," the Treasury said in a statement.