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File 151778562870.jpg - (21.57KB , 640x360 , donaldtrump_0_24.jpg )
117874 No. 117874 ID: 31d098
>after 3 more years it will be up to $2.5 trillion dollar a year!
>thanks obama!
The Treasury Department is on track to borrow nearly $1 trillion this fiscal year, almost double the amount the federal government borrowed last year, The Washington Post reported Saturday.

The government is likely to borrow $955 billion during this fiscal year, which is the first full fiscal year under President Trump. The government last year borrowed $519 billion, the Post noted, adding that the increase was attributed primarily to the "fiscal outlook."

The Treasury Department last week released its estimates for how much it would need to borrow for the next two quarters.

The report came the same day that the Congressional Budget Office (CBO) moved up its projected deadline for when the Treasury would run out of cash, citing the Republican tax overhaul.
The nonpartisan budget scorekeeper had estimated in November that the Treasury would run out of cash in late March or early April. After Trump signed the tax-cut law in December, however, the CBO revised its estimate to the first half of March.

If the Treasury Department runs out of cash, the government would delay payments, default on its debt or both, the CBO said.

Treasury Secretary Steven Mnuchin urged lawmakers Tuesday to raise the debt ceiling as soon as possible.

Lawmakers, meanwhile, must also pass a funding bill prior to Feb. 9 to keep the government open.

http://thehill.com/policy/finance/372235-us-on-track-to-double-borrowing-under-trumps-first-year-report
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>> No. 117875 ID: cb8af5
Reminder that Trump is such a great businessman he bankrupted multiple casinos.
>> No. 117876 ID: 72a5eb
http://money.cnn.com/2018/02/05/investing/stock-market-today-dow-jones/
>Stocks went into free fall on Monday, and the Dow plunged almost 1,600 points -- easily the biggest point decline in history during a trading day.

>Buyers charged back in and limited the damage, but at the closing bell the Dow was still down 1,175 points, by far its worst closing point decline on record.

>The drop amounted to 4.6% -- the biggest decline since August 2011, during the European debt crisis. But it was nowhere close to the destruction on Black Monday in 1987 or the financial crisis of 2008. Still, for investors lulled to sleep by the steady upward climb since Election Day, it was alarming.

>The White House said through a spokesman that "markets do fluctuate in the short term," but it stressed that the fundamentals of the economy are strong.

>The trouble in the market began early last week, when investors focused on a number of lingering concerns.

>If the economy gets much stronger, it could touch off inflation, which has been mysteriously missing for the nine years of the post-crisis recovery. That could force the Federal Reserve to raise interest rates faster than planned.

>"People are dealing with the shock of seeing real inflation for the first time in a while," said Bruce McCain, chief investment strategist at Key Private Bank.

>The sell-off wiped out the Dow and S&P 500 gains for the year, and left the Nasdaq barely in positive territory for 2018.
>> No. 117885 ID: 9315da
File 151827392698.jpg - (158.77KB , 1260x1260 , opinion_means_little.jpg )
117885
>>117876

lol Oh noes biggest drop evar

after setting record highs for what, a year? lol.
>> No. 117896 ID: a8533b
>Crashing the ship
Good
that's why I voted for Hilldog, because I knew she'd end this failed experiment known as the USA and in the chaos I'd get to shoot minorities, weak cuck progressives and their dogs and brown people

Make America Great Again via Balkanization, if that fails nazification
>> No. 117898 ID: 0e8e6d
>>117896
>and their dogs

ATF detected.
>> No. 117901 ID: 6c0b37
>>117898
Acid is gonna get demoted if he doesn't stop another terror plot that he created.
>> No. 117904 ID: df12a0
File 151857812686.png - (50.88KB , 524x751 , objective indoctrination.png )
117904
>be teacher
>totally Trump's fault you're in the worst possible career field in cash-strapped MI, where the Party-in-Power thrives off the idiocy of the masses, so it's a no-brainer for them to cut the education budget time and again
>oh wait, you almost forgot that you're in a position to perpetuate the hate
>> No. 117951 ID: 533ab8
>>117904
>be faggot on dead imageboard
>totally not your fault you have no reading comprehension and an irrational political bias
>oh wait, you almost forgot that you're a fucking idiot


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