U.S. Treasury plans to borrow a record $3 trillion this quarter to fund stimulus

U.S. Treasury plans to borrow a record $3 trillion this quarter to fund stimulus

CNBC is reporting that the United States Treasury will borrow $3 trillion this quarter alone to fund forecast expenditures outlined in the Cares Act stimulus. This staggering figure is almost six times the closest record quarter which is in the midst of the Great Recession back in 2008.

scroll to top