BREAKING: U.S. Treasury seeks to borrow $3 trillion this quarter alone, nearly 6 times more than the nearest record quarter (July-Sept. 2008)

[tacobell fan]

Massive stimulus to support the U.S. economy through the coronavirus crisis will cause the Treasury to borrow a record $3 trillion this quarter.

The department on Monday announced the total Monday.

 

“The increase in privately-held net marketable borrowing is primarily driven by the impact of the COVID-19 outbreak, including expenditures from new legislation to assist individuals and businesses, changes to tax receipts including the deferral of individual and business taxes from April – June until July, and an increase in the assumed end-ofJune Treasury cash balance,” the department said in a statement.

On top of that borrowing, Treasury also said it anticipates borrowing another $677 billion in the third quarter.

[sri_india]

Market lo ki pumping keee kadhaa... 

[tacobell fan]

Just now, sri_india said:

Market lo ki pumping keee kadhaa... 

all big pockets are happier than ever

[VictoryTDP]

Green green and more green

[Anta Assamey]

Ante inko Stimulus check istara ... 

[tacobell fan]

7 minutes ago, VictoryTDP said:

Green green and more green

Ok

[tacobell fan]

2 minutes ago, Anta Assamey said:

Ante inko Stimulus check istara ...