Saleha Mohsin and Liz Capo McCormick
President Donald Trump’s massive fiscal stimulus plans are adding to the US debt overload and forcing the government to drive up bond issuance as the Federal Reserve shrinks its balance sheet.
The Treasury Department will boost the amount of long-term debt it sells to $US73 billion this quarter, lifting the auction sizes of coupon-bearing and floating-rate debt again after doing so last quarter for the first time since 2009, the agency said in its quarterly refunding announcement.
The country’s debt load is seen spiralling compared with the rest of the world, with forecasts showing that in five years it will have a bleaker outlook than even Ita…
Read the full article at: http://www.afr.com/markets/debt-markets/us-increases-debt-sales-as-budget-deficit-widens-20180502-h0zkfw
