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.

Publisher: Bloomberg | Author: Liz McCormick

TAGS
campaign promises, deficits, governance, republicans, and tax policy
DATE PUBLISHED
2019-01-28 (Modified: 2019-10-14)

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https://www.bloomberg.com/news/articles/2019-01-28/another-year-another-1-trillion-in-new-debt-for-u-s-to-raise?utm_campaign=socialflow-organic&utm_content=business&utm_source=facebook&utm_medium=social&cmpid=socialflow-facebook-business

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