The government announced its borrowing plans.

The federal government is expected to borrow $44.2 billion during the first three months of this year, a 26% drop from the borrowing needs in the final three months of 1984, the Treasury Department reported. Under Secretary Beryl W. Sprinkel estimated that the government will need an additional $25 billion to $30 billion in borrowing for the period from April through June. After that, borrowing is likely to rise once more, Sprinkel said, but he declined to estimate how much.