Last year, the department borrowed about $1.2 trillion over the entire 12-month period.
Treasury said it would also look to borrow $677 billion in the July-to-September quarter of the year.U.S. President Donald Trump has downplayed the heavy borrowing going on under his administration and noted that interest rates were at historic lows, meaning the cost of borrowing is relatively cheap.The U.S. Federal Reserve dropped its benchmark interest rate to near zero as the pandemic hit.
Recent stimulus bills are estimated to be nearing the 3-trillion-dollar mark and there is talk in Washington about working on another package, though it may take time for negotiations to bear fruit. The stimulus spending to cushion the blow from the coronavirus, including the shutdowns of segments of the economy in government-led efforts to stem contagion, has enjoyed bipartisan support so far.
Thats Economics for you,what our people refuse to accept.its virtual money.
This is massive oooo
Don't let Buhari know about this, he may like to borrow more.
Fake news
Borrows from...
PT pls stop writing trash about Nigerian debt profile... The US you people are reporting Nigeria to are terribly indebted.
Okay, people against govt border development over to you.
sadiq851 abulondoncin ☝
I wonder what keeps the dollar from devaluation most of the time despite huge debts
Let him get $10 trillion it don't matter it took him less than a term to sink every gain Obama made
From where pls
Saner climes - Some Nigerians won’t like this News at all .