U.S. Treasury borrowing to double in 2018 to $1.34 trillion.
Amazing what important financial news can get pushed off the front page these days. On Monday the drop of even more U.S. indexes into correction territory and reports that the White House was teeing up new tariffs on another $250 billion in Chinese goods pushed truly...Dollar fundamentals continue to erode
I don't think there's anything more important to financial markets--well, assuming we don't get some kind of completely off-the-wall black swan event--over the next three months or so than the strength or weakness of the dollar. My judgment on trends in the greenback...U.S. Treasury sets borrowing record in first quarter–Treasury Secretary Steve Mnuchin–What me worry?
In the period from January through March, the U.S. Treasury borrowed $488 billion. That’s a record for the quarter and $47 billion more than the Treasury had earlier estimated. The Treasury finished March with a cash balance of $290 billion, up from an initial estimate of $210 billion.