U.S. Treasury Set to Borrow Nearly $1 Trillion This Year
February 5th, 2018Via: CNBC:
Don’t look now, but the U.S. government needs to borrow more money at exactly the wrong moment — when interest rates are spiking.
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 last year, and an upward revision to estimates released by the Treasury in late 2017.
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