Treasury Breaks Record: $200 Billion in New Debt in One Week

WASHINGTON — The Treasury will once more break records by auctioning off more than $200 billion this week through eight separate auctions – the busiest week in 24 years.

“Workers across the country are losing their jobs and seeing their hours cut, but the Treasury is working overtime to sell the government debt required to finance the Democrats’ unsustainable spending,” said Republican Study Committee Chairman Tom Price, R-Ga. “It seems that every week brings news of yet another record-breaking debt auction. Back home, Americans are tightening their belts because they know that spending money you don’t have isn’t an economic solution. When will Washington get the message that enough is enough? It’s time to end this reckless spending spree and make responsible decisions.”

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