The US will issue over $1.3 trillion in new debt in 2018, the highest amount since the depths of the recession
|10/30/2018||Posted by BusinessMediaguide.Com under General World News||
- The federal government will issue $1.34 trillion in new debt during 2018, according to a new Treasury Department projection.
- The debt issuance represents a 146% jump from 2017 and the highest amount of new debt issued since 2010.
- The report comes weeks after the Treasury said the fiscal year 2018 budget deficit hit $779 billion, the largest since 2012.
- The primary drivers of new debt issuance are the GOP tax law and the bipartisan budget agreement.