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US wants to borrow a record $3tn as coronavirus-related spending soars

Source: bbc.com, May 5, 2020

The US government total debt is now nearing $25tn.

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 $1.28tn. The US has approved about $3tn in virus-related relief, including health funding and direct payouts.

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