U.S. Treasury is Borrowing Big

An article in Bloomberg reports that, for the second year in a row,  the U.S. Treasury Department is projected to issue $1 trillion in new debt to finance the growing government deficit. The heavy borrowing, according to the article, is “darkening a fiscal outlook already made worrisome by rising entitlement-program expenses and higher costs to service America’s nearly $16 trillion in debt.” The article reports, “The Treasury’s total net new issuance in 2018 amounted to… Read More