Join our growing community to challenge mainstream media bias and fix the news
US Treasury to borrow whopping $3tn in Q2
The US Treasury on Monday said it plans to borrow nearly $3tn in Q2 2020 — more than five times the previous record in 2008— as the govt spends swiftly to mitigate the impact of Covid-19 on the economy. The Treasury’s net borrowing in 2019, by contrast, was $1.28tn. The latest estimate is over the original target of Q2 issued in early Feb which instead expected repayment of $56bn debt by govt.
INDEPENDENTwww.marketwatch.com
CENTERwww.forbes.com
RIGHTnypost.com
Auro
6 months
Why do news outlets couch government spending language on this way? It perpetuates the deficit myth for countries that have their own fiat currency.
Its_Syxx
6 months
In other news, pandemic currently and wasn't one with Obama. Wow.
Top in Business
Hopefully we can rebound after the pandemic