Coronavirus: US to borrow record $3tn as spending soars
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The US has said it wants to borrow a record $3tn (£2.4tn) in the second quarter, as coronavirus-related rescue packages blow up the budget.
The sum is more than five times the previous quarterly record, set at the height of the 2008 financial crisis.
In all of 2019, the country borrowed $1.28bn.
The US has approved about $3tn in virus-related relief, including…
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