US Budget Deficit Overview
by Kevin Myeroff on May 20, 2020
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This year’s budget deficit may be in excess of 3.5 trillion. Where does the government actual get the cash?
How do they finance trillions of dollars?
On May 20, 2020 the Treasury issued a 20-year bond for first time in 34 years.
What interest rate will people get?
Expecting about 1.21%
10 year is at 0.70%
30 year is at 1.42%
This year's budget deficit could exceed 3.5 trillion
The total US debt at the end of 2019 was 23 trillion
Aired 5/20/2020 WTAM AM