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Monday, February 05, 2018

U.S. Treasury Set to Borrow Nearly $1 Trillion This Year

https://www.cnbc.com/2018/02/05/treasury-set-to-borrow-nearly-a-trillion-in-2018-and-more-beyond.html

Don’t look now, but the U.S. government needs to borrow more money at exactly the wrong moment — when interest rates are spiking.

Last week, in a development first reported by The Washington Post, the Treasury Department quietly released data estimating its 2018 borrowing needs would check in at $955 billion, then top $1 trillion in the next two fiscal years. Those sums are considerably higher than last year’s $519 billion in debt issued last year, and an upward revision to estimates released by the Treasury in late 2017.

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