Treasury plans to borrow $3 trillion from April through June as enormous coronavirus costs pile up

The Treasury Department plans to borrow $2.99 trillion from April through June to cover the federal government’s massive response to the coronavirus pandemic, issuing a tremendous level of debt to try and limit the economic impact on U.S. businesses and workers. Last year, Treasury borrowed $1.28 trillion over 12 months. The $3 trillion in borrowing […]