U.S. Debt Sales Hit Records Again, Feeding Deficit Criticism

U.S. Debt Sales Hit Records Again, Feeding Deficit Criticism http://bit.ly/2UxG886 January 31, 2019 at 01:31AM Yahoo News - Latest News & Headlines https://yhoo.it/27ryfmF

The federal budget shortfall is set to swell, driven by tax cuts, spending increases and an aging American population. As a result, the Treasury is raising its long-term debt issuance at its quarterly refunding auctions to $84 billion, the department said Wednesday, $1 billion more than three months ago. Such elevated levels of borrowing will finance the widening deficit, with Wall Street strategists projecting new debt issuance will top $1 trillion for a second straight year.

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