BIL - More Federal Debt: We're In A Strange New World
On Wednesday, the US Treasury announced its latest plans for issuing new debt. The new announcement indicated that the Treasury Department will issue another record-breaking amount of debt.
“The federal budget shortfall is set to swell, driven by tax cuts, spending increases and an aging American population. As a result, the Treasury is raising its long-term debt issuance at its quarterly refunding auctions to $84 billion, the department said Wednesday, $1 billion more than three months ago. Such elevated levels of borrowing will finance the widening deficit, with Wall Street strategists projecting new debt issuance