The U.S. expects to borrow an additional $2 trillion in the second half of the year as federal spending ramps up to combat the coronavirus pandemic, the Treasury Department said
WASHINGTON— Monday.
The department estimated the government would borrow $947 billion from July through September, a record for the quarter, bringing total borrowing for fiscal year 2020 to $4.5 trillion, in line with earlier estimates. That total is more than triple last year’s $1.28 trillion, and it dwarfs borrowing during and after the 2008 financial...
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