You’ve got unshakable, bipartisan control of a ship of fools.
Enjoy the 2020 election circus!
Via: Bloomberg
The Treasury Department is expected to hold its quarterly note
and bond sales at record levels for the third straight time as
Washington’s latest budget deal shows that the U.S.’s debt binge will
continue.
President Donald Trump once said he would eliminate the
national debt, but now he’s set to approve a budget that will help usher
in trillion-dollar annual deficits. In part because of that, Wall Street securities firms predict that a boost in Treasury issuance may be coming in a year’s time.
…
With the president shoving aside past Republican orthodoxy on
fiscal restraint and the issue not prominent among Democrats
campaigning to take his job, Washington is showing no signs of slowing
spending.
The House passed the debt-ceiling expansion and budget bill
on July 25 and Senate Majority Leader Mitch McConnell said he expects
his chamber to clear it this week for Trump’s signature.
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