Treasury Says US Will Borrow $2 Trillion in Second Half of 2020

Treasury Says US Will Borrow $2 Trillion in Second Half of 2020
The Treasury Department building in Washington on July 22, 2019. Alastair Pike/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

The U.S. Treasury announced Aug. 3 that it expects to borrow $2.16 trillion in the second half of 2020, with $1 trillion of that linked to anticipation that Congress will pass more legislation to fight COVID-19.

The Treasury said in a release that it expects to borrow $947 billion in the July–September quarter, and $1.216 trillion in the October–December 2020 quarter.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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