U.S. Treasury Will Borrow A Record $3 Trillion This Quarter As Stimulus Spending Soars… Gold at New Record High as U.S. Dollar Selling Continues
The Treasury Department said Monday that it will borrow $3 trillion during the current quarter to cover the massive cost of the federal government’s response to the coronavirus crisis. KEY FACTS Over the last two months, Congress has authorized more than $3 trillion in emergency stimulus spending via four packages of legislation designed to cushion … Read more