Treasury sees 2018 borrowing needs surging to $1.34T

THE U.S. TREASURY Department said government borrowing this year will more than double from 2017 to $1.34 trillion in 2018. / BLOOMBERG NEWS
THE U.S. TREASURY Department said government borrowing this year will more than double from 2017 to $1.34 trillion in 2018. / BLOOMBERG NEWS
NEW YORK - The U.S. Treasury Department said government borrowing this year will more than double from 2017 to $1.34 trillion as the Trump administration finances a rising budget deficit. Specifically, the department expects to issue $425 billion in net marketable debt from October through December, lower than the $440 billion estimated in July, according to…

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