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03 28, 24, 06:47:52:AM

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Biden Does NOT need a BILL to close the border
He only needs a PEN. Thats all he needed to open it.
Thats all he needed to close it. Thats all Trump needed.
Maybe this is just Proof Trump is better than Biden.

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 |  All Boards  |  Current Events  |  Topic: Trump's debt sales top crisis-era levels even as economy revs up 0 Members and 1 Guest are viewing this topic.
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Author Topic: Trump's debt sales top crisis-era levels even as economy revs up  (Read 23 times)
wvit1001
Sr. Member

Posts: I am a geek!!


« on: 10 31, 18, 02:12:02:PM » Reply

Trump’s debt sales will surpass levels last seen when the U.S. was digging out of its worst economic crisis since the Great Depression. The difference is, this time the economy is booming.

A ballooning budget shortfall -- fueled by tax cuts, spending hikes and an aging population -- is driving the U.S. Treasury to raise its long-term debt issuance at its quarterly refunding auctions to $83 billion from $78 billion three months earlier, the department said Wednesday.

The need for the Treasury to raise auction sizes for a fourth straight quarter is also partially driven by the Federal Reserve’s decision not to replace some of its Treasury holdings when they mature as it winds down crisis-era stimulus measures.

The Treasury release may draw more attention to rising federal deficits less than a week before midterm elections that will determine whether Republicans maintain control of Congress. Trump frequently criticized his Democratic predecessor for running up the budget deficit, and in 2012 recommended banning lawmakers from reelection if Congress couldn’t balance the budget.

The nonpartisan Congressional Budget Office forecasts the budget gap will reach $973 billion in fiscal 2019 and exceed $1 trillion the next year. Goldman Sachs Group Inc. predicts the deficit will reach $1 trillion and $1.125 trillion respectively.



https://www.msn.com/en-us/money/markets/trumps-debt-sales-top-crisis-era-levels-even-as-economy-revs-up/ar-BBP9MBm?li=BBnbfcN
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