Treasury says April-June borrowing will be a record $2.99 trillion

  • By cvbizz
  • May 4, 2020
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via wyff.com

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The economic paralysis triggered by the coronavirus outbreak is forcing the U.S. Treasury to borrow far more than it ever has before — $2.99 trillion in the current quarter alone.The amount is more than five times the government’s previous record borrowing for a quarter, $569 billion, set in the depths of the 2008 financial crisis. It also dwarfs the $1.28 trillion the government borrowed in

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