US Politics in Trump era Public date: 14.11.2019 12:15:01

Publisher: Bloomberg

Author:

28 Jan 2019

U.S. Deficit 2019: Treasury to Borrow $1 Trillion for 2nd Year

The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year. A heightened supply of Treasury securities follows tax cuts and government spending increases implemented under the current administration. That’s darkening a fiscal outlook already made worrisome by rising entitlement-program expenses and higher costs to service America’s nearly $16 trillion in debt.
The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening...

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