Friday, 1 February 2019

U.S. Debt Sales Hit Records Again, Feeding Deficit Criticism

U.S. Debt Sales Hit Records Again, Feeding Deficit CriticismThe federal budget shortfall is set to swell, driven by tax cuts, spending increases and an aging American population. As a result, the Treasury is raising its long-term debt issuance at its quarterly refunding auctions to $84 billion, the department said Wednesday, $1 billion more than three months ago. Such elevated levels of borrowing will finance the widening deficit, with Wall Street strategists projecting new debt issuance will top $1 trillion for a second straight year.




from Yahoo News - Latest News & Headlines https://yhoo.it/2MHXAUG

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