US Treasury projects record Q3 borrowing of $947 billion
The Treasury Division is projecting govt borrowing of $947 billion within the present JulySeptember duration, which might be a report for the quarter however down from the alltime top of $2.75 trillion on this yr’s 2d quarter .
- Associated Press
- Final Up to date: August four, 2020, 12:48 AM IST
WASHINGTON The Treasury Division is projecting govt borrowing of $947 billion within the present July-September duration, which might be a report for the quarter however down from the all time top of $2.75 trillion on this yr’s 2d quarter .
Treasury officers introduced Monday that the federal government additionally plans to borrow $1.22 trillion within the October-December duration.
The ones quantities come with $1 trillion in anticipated borrowing to finance some other financial stimulus bundle, which is tied up in negotiations between Democrats and Republicans.
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Treasury officers stated the $1 trillion quantity, unfold over this quarter and the October-December duration, is largely a spot holder since either side stay a ways aside in how a lot the rustic must supply in financial give a boost to on most sensible of the greater than $three trillion Congress has already equipped.
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