Making America Great Again!
The US needs to borrow almost $300 billion this week
Uncle Sam needs to borrow a ton of money this week — in the middle of a fight with its biggest creditor.
The United States plans to sell about $294 billion of debt, according to the Treasury Department. That's the highest for a week since the record set during the 2008 financial crisis.
Federal revenue is declining because of President Trump's tax cuts, so the government needs to borrow more to make ends meet. At the same time, Washington's borrowing costs have climbed rapidly in recent months
.
The United States ran a $215 billion deficit in February, the
biggest in six years. The annual budget deficit could
exceed $1 trillion as soon as next year, according to the Committee for a Responsible Federal Budget. The fiscal watchdog group recently warned that interest payments on US debt alone could
quadruple to $1.05 trillion by 2028 if current policies stay in effect.
http://money.cnn.com/2018/03/27/investing/us-debt-sale-record-treasury/index.html
Trump is a moron. Thank you to all the Fox News watching idiots that put this jackass in the White House.