US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
PYMNTS
MAY 4, 2020
By comparison, last year, the government borrowed $1.28 All the while, tax revenue is sinking due to the millions of layoffs as much of the economy remains shut down all over the country. That amount is over five times as much as the country borrowed at the height of the Great Recession in 2008.
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