UPDATE 2-U.S. Treasury blasts records with $3 trillion borrowing need this quarter
The U.S. Treasury Department
on Monday said it plans to borrow nearly $3 trillion in the
second quarter of 2020 – more than five times larger than the
previous record – as the federal government spends at a frantic
pace to mitigate the impact of the coronavirus on the U.S.
economy.
on Monday said it plans to borrow nearly $3 trillion in the
second quarter of 2020 – more than five times larger than the
previous record – as the federal government spends at a frantic
pace to mitigate the impact of the coronavirus on the U.S.
economy.
Posted by Reuters
