US Politics in Trump era
Publisher: CNBC
Author: Javier E. David
5 Feb 2018
Treasury set to borrow nearly a trillion in 2018 and more beyond
Last week, in a development first reported by The Washington Post, the Treasury Department quietly released data estimating its 2018 borrowing needs would check in at $955 billion, then top $1 trillion in the next two fiscal years. Those sums are considerably higher than last year's $519 billion in debt issued, and an upward revision to estimates released by the Treasury in late 2017.