Federal Borrowing Crosses the Rubicon

7:39 AM

First published by Money Metals here: https://www.moneymetals.com/news/2019/03/11/fed-borrowing-crosses-rubicon-001732

A year ago, Republicans in control of Congress suspended the cap on federal borrowing. The limit was automatically re-imposed on March 1st. Politicians now have a few months to hammer out legislation to raise the cap as the Treasury employs “extraordinary measures” to fend off default. The federal deficit is mushrooming once again.

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