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Treasury To Borrow $1 Trillion Again To Finance Budget Deficit

Treasury To Borrow $1 Trillion Again To Finance Budget Deficit

According to Wall Street forecasts, Treasury is projected to borrow $1 trillion for a second straight year to finance the government’s budget deficit. The bipartisan Congressional Budget Office has said the government will need to spend about $7 trillion to service its debt in the next 10 years.

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