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So Much Winning: Treasury Set to Borrow $1 Trillion for a 2nd year to Finance Tax Cuts
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So Much Winning: Treasury Set to Borrow $1 Trillion for a 2nd year to Finance Tax Cuts

Amaziah George's avatar
Amaziah George
Oct 10, 2019
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Emancipation Grove
Emancipation Grove
So Much Winning: Treasury Set to Borrow $1 Trillion for a 2nd year to Finance Tax Cuts
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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.

According to Bloomberg reports, this is a direct consequence of juiced government spending and smaller revenues as a result of the late 2017 tax cu…

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