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Treasury to borrow record-breaking $3T as pandemic costs skyrocket

Congress has authorized nearly $3 trillion in new spending over four separate bills in just two months, providing hundreds of billions of dollars for hard-hit small businesses, struggling industries, new unemployment benefits, overburdened hospitals, cash-strapped states and more.

A fifth round of relief could easily top $1 trillion, although there’s little consensus among congressional leaders on another package.

Source: politico.com
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