Home » General World News » The US will issue over $1.3 trillion in new debt in 2018, the highest amount since the depths of the recession

The US will issue over $1.3 trillion in new debt in 2018, the highest amount since the depths of the recession





Paul Ryan US national debt

  • 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.

The federal government will issue more than $1.3 trillion in debt in 2018, according to a new estimate released by the Treasury Department on Monday, the highest read more >>>

Source:: BusinessInsider.Com

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