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Showing posts with label Borrowing. Show all posts
Showing posts with label Borrowing. Show all posts

Saturday, August 15, 2020

US economy: U.S. closes in on something it hasn't done since WWII — borrow more money than it raises

Amid the economic devastation caused by the coronavirus pandemic, the U.S. government is nearing a new — and potentially ominous — fiscal milestone: it will borrow as much or more this year than it raises through taxes and other means.

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U.S. closes in on something it hasn't done since WWII — borrow more money than it raises - MarketWatch