US Treasury Says It Will Borrow $3 Trillion In Q2
from the Lee Adler, Wall Street Examiner
The $3 trillion includes $1.37 trillion already borrowed in April. That implies additional borrowing of $1.63 trillion in May and June. May typically has light net new borrowing. May 2019 net borrowing totaled $67 billion.
The $3 trillion estimate is an increase of $3.06 trillion above the Treasury Department’s Q2 estimate that it posted in February.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202005042228
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