U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit

(Bloomberg) -- The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year. Many strategists at primary-dealer firms predict that this Wednesday’s quarterly refunding announcement will see the Treasury maintain note and bond sales at the record high Read More