US Economy: Government set to borrow nearly $1 trillion this year, an 84 percent jump from last year - by Heather Long

t was another crazy news week, so it's understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — President Donald Trump's first full year in charge of the budget.

That's almost double what the government borrowed in fiscal year 2017.

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