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US to borrow record $3T as spending soars

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The federal government reportedly is considering whether to borrow a record $3 trillion in the second quarter.

If approved, that would be five times more than the previous record set during the height of the 2008 financial crisis.

In 2019, the country borrowed $1.3 trillion.

This year, the federal government has approved roughly $3 trillion in virus relief expenditures.

Reade more from BBC News.

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