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11-04-2008, 09:40 PM #1
Senior Member
US to borrow $550 billion in 3 months
And how are we going to pay this debt off, I wonder?
JakeMartinez Reviewed by JakeMartinez on . US to borrow $550 billion in 3 months U.S. to borrow record $550B in current quarter Wall Street projecting a U.S. deficit of $988 billion in current budget year Last Updated: Monday, November 3, 2008 The Associated Press The U.S. government will borrow a record $550 billion in the current quarter as it scrambles to fund the huge rescue programs being put in place to deal with the worst financial crisis in seven decades. The Treasury Department said Monday it plans to borrow more than a half-trillion dollars in the Rating: 5
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