So Much Winning: Treasury Set to Borrow $1 Trillion for a 2nd year to Finance Tax Cuts

The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year.

According to Bloomberg reports, this is a direct consequence of juiced government spending and smaller revenues as a result of the late 2017 tax cu…