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https://thehill.com/policy/finance/...-borrow-1-trillion-to-finance-deficit-for-the
The Treasury Department is projected to borrow $1 trillion for the second year in a row to finance the deficit, according to Bloomberg News.
Bloomberg reported the projection Monday ahead of a quarterly refunding announcement on Wednesday that is expected to show continued record-high levels of note and bond sales.
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When you find yourself at the bottom of a very deep hole, it's a sign to stop digging it deeper.
A large percentage of Treasury note & bond sales are made to China, another adversary country that does not wish us well. Interesting article: https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp
The Treasury Department is projected to borrow $1 trillion for the second year in a row to finance the deficit, according to Bloomberg News.
Bloomberg reported the projection Monday ahead of a quarterly refunding announcement on Wednesday that is expected to show continued record-high levels of note and bond sales.
================================
When you find yourself at the bottom of a very deep hole, it's a sign to stop digging it deeper.
A large percentage of Treasury note & bond sales are made to China, another adversary country that does not wish us well. Interesting article: https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp