Politics
US Treasury Borrows Record $839 Billion in Auctions This Week
Key Points
US Treasury Borrows Record $839 Billion in Auctions This Week The US government borrowed a record $839 billion this week via its sales of Treasury bills and notes — both to repay holders of maturing debt and to raise the additional capital needed to finance the federal deficit. This week’s auctions of bills, floating-rate notes and Treasuries due in two, five and seven years eclipsed the previous record of $834 billion, set in the same period a year ago.
US Treasury Borrows Record $839 Billion in Auctions This Week
The US government borrowed a record $839 billion this week via its sales of Treasury bills and notes — both to repay holders of maturing debt and to raise the additional capital needed to finance the federal deficit.
This week’s auctions of bills, floating-rate notes and Treasuries due in two, five and seven years eclipsed the previous record of $834 billion, set in the same period a year ago.