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Wed Oct 31, 2018, 02:48 PM

Trump's debt sales top crisis-era levels even as economy revs up

President Donald Trumpís debt sales will surpass levels last seen when the U.S. was digging out of its worst economic crisis since the Great Depression. The difference is, this time the economy is booming.

A ballooning budget shortfall -- fueled by tax cuts, spending hikes and an aging population -- is driving the U.S. Treasury to raise its long-term debt issuance at its quarterly refunding auctions to $83 billion from $78 billion three months earlier, the department said Wednesday. The need for the Treasury to raise auction sizes for a fourth straight quarter is also partially driven by the Federal Reserveís decision not to replace some of its Treasury holdings when they mature as it winds down crisis-era stimulus measures.

The debt issuance at this quarterly refunding beats the previous record of $81 billion first set by former Treasury Secretary Timothy Geithner in 2009 when the U.S. was recovering from the Great Recession. This time borrowing is surging as the economy hums along at a 3.5 percent annual growth rate and unemployment is near a half-century low.

The yield on the benchmark 10-year note climbed as much as 4 basis points to 3.16 percent Wednesday.

https://www.msn.com/en-us/money/markets/trumps-debt-sales-top-crisis-era-levels-even-as-economy-revs-up/ar-BBP9MBm?li=BBnbfcN

The king of debt

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Reply Trump's debt sales top crisis-era levels even as economy revs up (Original post)
Yo_Mama_Been_Loggin Oct 31 OP
redstatebluegirl Oct 31 #1
Achilleaze Oct 31 #2
sdfernando Oct 31 #3

Response to Yo_Mama_Been_Loggin (Original post)

Wed Oct 31, 2018, 02:52 PM

1. He is going to bankrupt the country like he did his daddy's businesses.

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Response to Yo_Mama_Been_Loggin (Original post)

Wed Oct 31, 2018, 02:54 PM

2. republicans put a sleazy Casino Hustler* in charge of America's economy

Stupid. Gross negligence.

* aka Dirty Donny, the republican Draft-Dodger-in-Chief

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Response to Yo_Mama_Been_Loggin (Original post)

Wed Oct 31, 2018, 02:55 PM

3. Yep...and the ecomony has really been running on Obama fumes...

at some point, probably soon, it will tank, just as the Democrats take over the house....and the orange pustule will then blame it on the Democrats....sigh.

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